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A bill to increase the priority dollar amount for unsecured claims, and for other purposes.
1/16/2023, 3:47 AM
Congressional Summary of S 2820
Amends Federal bankruptcy law to increase from $4,650 to $13,500 the maximum amount of a claim to recover employee wages and benefits that has priority ranking among unsecured creditor claims.
Authorizes the bankruptcy court to avoid any transfer of compensation paid to an employee, officer, or member of the board of directors of a debtor in the 90 days preceding the bankruptcy petition date if the court finds that the compensation is either out of the ordinary course of business, or that it constitutes unjust enrichment.
Current Status of Bill S 2820
Bill S 2820 is currently in the status of Bill Introduced since July 30, 2002. Bill S 2820 was introduced during Congress 107 and was introduced to the Senate on July 30, 2002. Bill S 2820's most recent activity was Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581) as of July 30, 2002
Bipartisan Support of Bill S 2820
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2820
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 2820
A bill to increase the priority dollar amount for unsecured claims, and for other purposes.
A bill to increase the priority dollar amount for unsecured claims, and for other purposes.
Comments
Sponsors and Cosponsors of S 2820
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