Amends the Bankruptcy Reform Act of 1978 to permit transfers to creditors if in payment of a debt evidenced by a note and supported by an irrevocable letter of credit, commitment to lend funds, or bond of indemnity issued by a bank or insurance company.
Introduced in Senate
Referred to Senate Committee on the Judiciary.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line