Abolition of Bankruptcy Havens Amendments of 1994

Summary

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).

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 May 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 25 May 1994

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• Introduced in House

  summary · EN · 25 May 1994

  Open at official source

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