Four Significant Changes to Consumer Bankruptcy Included in the Consolidated Appropriations Act, 2021 | Bradley Arant Boult Cummings LLP
To embed, copy and paste the code into your website or blog: On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA 2021). Similar to the March 2020 CARES Act, several temporary changes to the Bankruptcy Code are included in Title X of the CAA 2021. Below, we examine four of the CAA 2021’s most significant changes to consumer bankruptcy laws. These changes are temporary and will sunset either on December 27, 2021, or December 27, 2022. Section 1001 of Title X of the CAA 2021 addresses bankruptcy relief, including: a temporary revision to the definition of “pr...
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