United States · Bill · S
S. 2996 (107th)
Bankruptcy Abuse Reform Act of 2002
Introduced
24 September 2002
Last action
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Status
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S9123)
Sponsors
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Subjects
Discovery layer
Source updated
10 August 2026
Summary
Bankruptcy Abuse Reform Act of 2002--Amends the Federal bankruptcy code to prohibit a debtor from exempting from the estate in bankruptcy any amount of interest that exceeds in the aggregate $125,000 in value in: (1) real or personal property used as a residence; (2) a cooperative that owns property used as a residence by the debtor or debtor's dependent; or (3) a burial plot for the debtor or debtor's dependent. States that this limitation on such an exemption does not apply to the principal residence of a family farmer.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 24 September 2002
Introduced in Senate (PDF)
Introduced in Senate · EN · 24 September 2002
Introduced in Senate
summary · EN · 24 September 2002
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/2996
- Open data entity: https://api.congress.gov/v3/bill/107/s/2996