Legal Question in Bankruptcy in California

Re: Hr 1106

That is a total unknown. As written today, the bill is retroactive, but its not entirely clear how that would work. It will take, in addition to the law passing in Congress and being signed by the President, an implementing set of procedural rules to determine how this will work. The Senate might only agree to pass the bill if the retroactivity is removed, in which case if you have filed, you cannot take advantage of it. I am counselling clients that this not going to pass for sure, and to work within the framework of what exists today. While the bill is finally out of Committee, it has a long way to go to pass in the Senate, and I don't see where the vote is even scheduled yet. If you have the luxury of some time, I would wait to see if its going to clear the Senate, and if the retroactivity will or won't be removed.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.