[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1879 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 1879

To amend title 11, United States Code, to limit claims in bankruptcy by 
                      certain unsecured creditors.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 17, 2005

   Mr. Akaka introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
To amend title 11, United States Code, to limit claims in bankruptcy by 
                      certain unsecured creditors.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bankruptcy Prevention Credit 
Counseling Act of 2005''.

SEC. 2. REDUCTION OF UNSECURED CLAIMS.

    Section 502(b) of title 11, United States Code, is amended--
            (1) in paragraph (8), by striking ``or'' at the end;
            (2) in paragraph (9), by striking the period at the end and 
        inserting ``; or''; and
            (3) by adding at the end the following:
            ``(10) such consumer debt is an unsecured claim arising 
        from a debt to a creditor that does not have, as of the date of 
        the order for relief, a policy of waiving additional interest 
        for all debtors who participate in a debt management plan 
        administered by a nonprofit budget and credit counseling agency 
        described in section 111(a).''.
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