Family Farmer Bankruptcy Clarification Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Aug 1, 2013)
Family Farmer Bankruptcy Clarification Act of 2013 - Amends chapter 12 of federal bankruptcy law (Debt Adjustment of a Family Farmer or Fisherman with Regular Annual Income) with respect to discharge of governmental claims based upon the disposition of property used in a farming operation.
Treats any unsecured claim of a governmental unit against the debtor or debtor's estate as an unsecured debt (hence, not entitled to priority payment), if it results from the sale, transfer, exchange, or other disposition of any property used in the debtor's farming operation and it arises either: (1) before the petition in bankruptcy is filed, or (2) after such filing but before the debtor's discharge.
Authorizes a governmental unit to file a proof for a claim that arises after the date on which the petition is filed.
Requires such debt to be discharged in accordance with specified discharge procedures.
States that, for purposes of applying procedures governing plan confirmation, discharge, and modification after plan confirmation, the amount that would be paid on the claim if the estate were liquidated under chapter 7 shall be the amount that would be paid by the estate in a chapter 7 case if the claim were an unsecured claim arising before the date on which the petition was filed and not entitled to priority payment status.
What just happenedSep 10, 2013
Referred to the Committee on the Judiciary by unanimous consent.
Who’s behind it
- Reference Change SenateSep 10, 2013
- Introduced in SenateAug 1, 2013
- Sep 10, 2013IntroReferral
Referred to the Committee on the Judiciary by unanimous consent.
- Sep 10, 2013Discharge
Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S6335)
- Sep 10, 2013Committee14500
Senate Committee on Finance discharged by Unanimous Consent.(consideration: CR S6335)
- Aug 1, 2013IntroReferral
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6218)
- Aug 1, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR S6217-6218)
- Aug 1, 2013IntroReferral10000
Introduced in Senate