U.S. Congress - S.3675 Small Business Jobs Preservation Act of 2010
S.3675 - Small Business Jobs Preservation Act of 2010
A bill to amend chapter 11 of title 11, United States Code, to address reorganization of small businesses. view all titles (2)
All Bill Titles
- Official: A bill to amend chapter 11 of title 11, United States Code, to address reorganization of small businesses. as introduced.
- Short: Small Business Jobs Preservation Act of 2010 as introduced.
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Committees
Official Summary
7/29/2010--Introduced.Small Business Jobs Preservation Act of 2010 - Amends federal bankruptcy law to prescribe requirements for reorganization of a small business enterprise debtor. Prescribes components of the reorganization plan, including: (1) appointment and duties of the bankruptcy tOfficial Summary
7/29/2010--Introduced.Small Business Jobs Preservation Act of 2010 - Amends federal bankruptcy law to prescribe requirements for reorganization of a small business enterprise debtor. Prescribes components of the reorganization plan, including:(1) appointment and duties of the bankruptcy trustee;
(2) rights and powers of a debtor in possession;
(3) removal of debtor in possession;
(4) property of the estate in bankruptcy;
(5) a debtor's duties and reporting requirements;
(6) filing and contents of the reorganization plan;
(7) deemed acceptance of a plan by a holder of a claim or interest;
(8) a status conference and confirmation of the reorganization plan;
(9) discharge and modification of the reorganization plan; and
(10) trustee retention and distribution of payments and funds. States that a person is not disqualified for employment as an attorney, accountant, appraiser, auctioneer, or other professional by a small business enterprise debtor solely because such person holds a claim of less than $5,000 that arose before commencement of the case.
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Organizations Supporting S.3675
- None via MapLight at this time.
Organizations Opposing S.3675
- National Association of Credit Management
- Commercial Finance Association
- American Bankers Association
- Equipment Leasing and Finance Association
- Consumer Bankers Association
- Financial Services Roundtable
- ...and 1 more. See all.
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