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Bankruptcy Reform Legislation in the 107th Congress: A Comparison of H.R. 333 As Passed by the House and the Senate

Description: H.R. 333, 107th Congress, 1st Sess. (2001), the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2001” and its counterpart in the Senate, S. 220, 107th Congress, 1st Sess. (2001), the “Bankruptcy Reform Act of 2001” were introduced on January 31, 2001. So far, the 107th Congress has demonstrated widespread support for the bills evidenced by the votes. Although President Bush is expected to sign bankruptcy reform into law, the White House has indicated that a bankruptcy bill that cont… more
Date: July 10, 2002
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Bankruptcy Relief and Natural Disaster Victims

Description: In the wake of Hurricane Katrina, many have questioned whether implementing the new procedures of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), P.L. 109-8, scheduled to go into effect on October 17, 2005, should be delayed. This report considers whether bankruptcy law in general, and the BAPCPA in particular, may present unique challenges to financial recovery for those whose life, livelihood, and/or home have been damaged or destroyed.
Date: September 14, 2005
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Chapter 12 of the U.S. Bankruptcy Code: Reorganization of a Family Farmer or Fisherman

Description: Chapter 12 of the U.S. Bankruptcy Code dealing with “family farmer” reorganization, temporarily extended 11 times since its original enactment, is made permanent by enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act, P.L. 109-8. It is amended to include “family fisherman” as well. This report surveys the highlights of this chapter
Date: August 2, 2005
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Comparison of Two Key Provisions in the Bankruptcy Reform Act Conference Report: The Homestead Exemption and Dischargeability of Liability for Abortion Clinic Violence

Description: This report examines two provisions in the Conference Report on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2002, H.R. 107-617, 107th Cong., 2d Sess. (2002): the homestead exemption and dischargeability of liability for abortion clinic violence.
Date: July 30, 2002
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Consumer Bankruptcy Reform: Proposals Before the 105th Congress

Description: This report examines current consumer bankruptcy practice and the proposals set forth in the reform bills. Also considered are the legislative history of the current consumer bankruptcy scheme, and topics likely to be debated as Congress proceeds to consider consumer bankruptcy reform.
Date: March 20, 1998
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Consumer Proposals in the Bankruptcy Reform Act of 1998: H.R. 3150, 105th Congress, 2d Session (1998)

Description: This report considers the legislative history of the current consumer bankruptcy scheme. It examines current consumer bankruptcy practice and surveys the consumer proposals set forth in Title I of H.R. 3150, with an emphasis on the likely impact of the bill on family support obligations.
Date: June 1, 1998
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Employment-Related Issues in Bankruptcy

Description: This report provides an overview of the status of employee wages and benefits, including retiree benefits, when an employer files in bankruptcy, and the amendments made to the U.S. Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act. This report examines those provisions in the U.S. Bankruptcy Code which govern the priority of employee wage and benefit claims, including severance payments; procedures for a chapter 1 1 debtor to modify benefits under a collective barga… more
Date: November 1, 2005
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Executive Compensation in Bankruptcy: The Fairness and Accountability in Reorganizations Act

Description: S. 2556 and its companion bill, H.R. 5113, 109th Congress, 2nd Sess. (2006), introduced by Senator Bayh and Representative Conyers, respectively, are entitled the Fairness and Accountability in Reorganizations Act of 2006. The legislation, according to its sponsors, is intended to “ensure that workers are treated more fairly during [bankruptcy] reorganizations by limiting executive compensation deals and requiring corporations to provide a more accurate picture of their holdings before attempti… more
Date: April 20, 2006
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Issues in Consumer Bankruptcy Reform Before the 107th Congress

Description: Bankruptcy reform legislation has been reintroduced in the 107th Congress and appears to be on a fast track for consideration and possible enactment. S. 220 was introduced on January 30, 2001, and H.R. 333, entitled the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2001" was introduced on January 31.
Date: February 9, 2001
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Treatment of Health Care Expenses under the Bankruptcy Abuse Prevention and Consumer Protection Act

Description: If enacted, the Bankruptcy Abuse Prevention and Consumer Protection Act would subject prospective debtors under the U.S. Bankruptcy Code to a means test to determine whether they could liquidate under chapter 7 or reorganize under chapter 13. Large outstanding medical expenses alone will not determine eligibility to liquidate or reorganize. They will, however, affect the means test in one of two ways. Prebankruptcy health care expenses are likely to raise the amount of a debtor’s unsecured debt… more
Date: March 29, 2005
Creator: Jeweler, Robin
Partner: UNT Libraries Government Documents Department
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Accounting and Management Problems at Freddie Mac

Description: This report summarizes the extent of accounting and management problems at Freddie Mac. The report highlights the issues of selecting policies to report constant earnings, and undertaking certain transactions for the sake of creating a facade of reported earnings. Finally, the report discusses the consequences of these problems by stating that many of the Freddie Mac's executives have been replaced, fines were issued, and a lawsuit occurred.
Date: November 7, 2007
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting and Management Problems at Freddie Mac

Description: This report summarizes the extent of accounting and management problems at Freddie Mac. The report highlights the issues of selecting policies to report constant earnings, and undertaking certain transactions for the sake of creating a facade of reported earnings. Finally, the report discusses the consequences of these problems by stating that many of the Freddie Mac's executives have been replaced, fines were issued, and a lawsuit occurred.
Date: November 15, 2005
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Problems at Fannie Mae

Description: This report summarizes the critiques the Office of Federal Housing Enterprise Supervision (OFHEO) made of accounting practices at Fannie Mae. The OFHEO's two main issues are under the domains of: amortization of discounts, premiums, fees involved in the purchase of home mortgages, and the other being accounting for financial derivatives contracts. The report emphasizes that these discrepancies created a false image of the company's earnings and in one case was the cause of the company's executi… more
Date: December 16, 2004
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Problems at Fannie Mae

Description: This report summarizes the critiques the Office of Federal Housing Enterprise Supervision (OFHEO) made of accounting practices at Fannie Mae. The OFHEO's two main issues are under the domains of: amortization of discounts, premiums, fees involved in the purchase of home mortgages, and the other being accounting for financial derivatives contracts. The report emphasizes that these discrepancies created a false image of the company's earnings and in one case was the cause of the company's executi… more
Date: December 7, 2006
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Problems at Fannie Mae

Description: This report summarizes the critiques the Office of Federal Housing Enterprise Supervision (OFHEO) made of accounting practices at Fannie Mae. The OFHEO's two main issues are under the domains of: amortization of discounts, premiums, fees involved in the purchase of home mortgages, and the other being accounting for financial derivatives contracts. The report emphasizes that these discrepancies created a false image of the company's earnings and in one case was the cause of the company's executi… more
Date: November 16, 2004
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Problems at Fannie Mae

Description: On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not following generally accepted accounting practices in two critical areas: (1) amortization of discounts, premiums, and fees involved in the purchase of home mortgages and (2) accounting for financial der… more
Date: November 15, 2005
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Problems Reported in Major Companies Since Enron

Description: This report questions the increase in corporate accounting restatements made since the 1980s and early 1990s following the wake of the collapse of Enron. Moreover, the report summarizes the accounting problems of major corporations that have been reported since Enron. Finally, the report wonders if these issues are standard within American companies or if they have all only been isolated issues.
Date: January 28, 2003
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Reform After Enron: Issues in the 108th Congress

Description: This report discusses the anxieties within Congress in the wake of the Enron scandal. Moreover, the report notes that the 108th Congress is not likely to pass legislative reform as extreme as the 107th Congress, but will still confront issues of accounting reform. The report also highlights what the 108th Congress plans to reform.
Date: September 15, 2004
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Accounting Reform After Enron: Issues in the 108th Congress

Description: This report discusses the anxieties within Congress in the wake of the Enron scandal. Moreover, the report notes that the 108th Congress is not likely to pass legislative reform as extreme as the 107th Congress, but will still confront issues of accounting reform. The report also highlights what the 108th Congress plans to reform.
Date: May 28, 2003
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Auditing and Accounting Reform Proposals: A Side-by-Side Comparison

Description: This report compares the major provisions of three auditor and accounting reform proposals: two versions of H.R. 3763 (as passed by the House on April 24, 2002, and by the Senate on July 15, 2002), and proposed rules that the U.S. Securities and Exchange Commission (SEC) published on June 26th under its existing authority. H.R. 3763, in its House and Senate versions, and the SEC proposal seek to restore confidence in corporate reporting by enhancing the oversight of financial accounting. All th… more
Date: July 17, 2002
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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