H.R.901 - Medical Bankruptcy Fairness Act111th Congress (2009-2010)
Summary: H.R.901 — 111th Congress (2009-2010)
Introduced in House (02/04/2009)
Medical Bankruptcy Fairness Act - Amends federal bankruptcy law to cite circumstances under which a medically distressed debtor may elect to exempt from the property of the estate in bankruptcy up to $250,000 of the debtor's aggregate interest in specified real or personal property that the debtor (or debtor's dependent) uses as a residence, in a cooperative, or in a burial plot for the debtor or a dependent.
Revises requirements for dismissal or conversion of a Chapter 7 case to prohibit the court or specified parties in interest from filing a motion to dismiss or convert to Chapter 11 or 13 if the debtor is a medically distressed debtor or an economically distressed caregiver.