Abolition of Bankruptcy Havens Amendments of 1994 - Amends Federal bankruptcy law to provide that as a result of electing to exempt property that is exempt under State or local law, an individual debtor may not exempt an aggregate interest of more than $50,000 in real or personal property: (1) used as the debtor's (or a dependents') residence; (2) in a cooperative that owns property used by the debtor (or a dependent) as a residence; or (3) in a burial plot for the debtor (or a dependent).
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1066-1067)
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
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