The American Bankruptcy Institute recently announced the creation of a Commission on Consumer Bankruptcy. Professor Bob Lawless has been appointed to the role of Commission Reporter, in which he will assist in operations and draft the final report.
"As a long-time ABI member, it was a privilege to be asked to play a role in this Commission," Lawless said. "I look forward to a vigorous, open and respectful process that I hope will lead to a report around which there is a broad consensus."
The 15-member expert panel will examine the consumer bankruptcy system and issue a report with recommended improvements that can be implemented within the existing structure. The Commission aims to modernize the consumer bankruptcy system with practical and cost-effective recommendations, building on the framework established by Bankruptcy Code of 1978 and Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The Commission will employ an open, information-gathering model that will allow interested parties across the consumer bankruptcy spectrum to provide input.
Read the full press release at ABI.org