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Grassley pushes bankruptcy overhaul with means test plan
Lawmakers debate a reform that would limit Chapter 7 abuse and require a means test for Chapter 13 eligibility. Debtors with income above thresholds would enter repayment plans, while small farmers gain Chapter 12 options. Critics warn the bill shifts costs to working families and minorities.
MENTIONED IN THIS ARTICLE
Grassley
Iowa
Wellstone
Congress
Tom Harkin
Senate Gop
Senate