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"I found the Insolvency 2020 program to be incredibly informative and provided me with diverse viewpoints on how the restructuring, insolvency, and distressed debt space has shifted since the pandemic. I also found it beneficial to engage with friends and new contacts during all of the networking aspects of the event no longer achievable within an in-person setting."

Andrew Tardogno
Managing Director, The M&A Advisor
New York, NY

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Experts Examine Important Consumer Bankruptcy Law Changes Enacted in December - Ep. 241

Legislative measures throughout 2020 were aimed at providing economic stability to meet the challenges of the financial distress caused by the COVID-19 pandemic, and December saw a flurry of activity that resulted in the Combined Consolidated Appropriations Act of 2021. The $2.3 trillion spending bill combined $900 billion in stimulus relief for the COVID-19 pandemic with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year. The bill passed both chambers of Congress on Dec. 21 and was signed into law by the President on December 27. Within the nearly 5,600 pages of this bill were important changes to the Bankruptcy Code. In this podcast, ABI Consumer Committee Co-Chair Christopher L. Hawkins of Bradley Arant Boult Cummings LLP (Birmingham, Ala.) discusses the changes with Charissa Potts of Freedom Law, PC (Eastpointe, Mich.) and John Rao of the National Consumer Law Center (Boston).

 

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