BANKRUPTCY: THE NEXT
TWENTY YEARS
National Bankruptcy
Review Commission
Final Report
October 20, 1997
NATIONAL BANKRUPTCY
REVIEW COMMISSION
Brady C. Williamson, Wisconsin, Chairman
Hon. Robert E. Ginsberg, Illinois, Vice Chairman
Jay Alix, Michigan
M. Caldwell Butler, Virginia
Babette A. Ceccotti, New Jersey
John A. Gose, Washington
Jeffery J. Hartley, Alabama
Hon. Edith Hollan Jones, Texas
James I. Shepard, California
COMMISSION REPORTER
Elizabeth Warren, Leo Gottlieb Professor of Law
Harvard Law School
SENIOR ADVISERS
Lawrence P. King, Charles Seligson Professor of Law
New York University School of Law
Stephen H. Case, Partner
Davis Polk & Wardwell
COMMISSION ADVISER/DATA PROJECT
Lynn M. LoPucki, A. Robert Noll Professor of Law
Cornell Law School
COMMISSION ADVISER/TRANSNATIONAL PROJECT
Jay Lawrence Westbrook, Benno C. Schmidt Chair of Business Law
University of Texas School of Law
COMMISSION ADVISER/TAX PROJECT
Jack Williams, Associate Professor
Georgia State University College of Law
COMMISSION STAFF
Legal Staff
Susan Jensen-Conklin
General Counsel
Elizabeth I. Holland
Senior Staff Attorney
Melissa B. Jacoby
Senior Staff Attorney
Judith K. Benderson
Legislative Counsel and Press Officer
Jennifer C. Frasier
Volunteer Staff Attorney and Former Staff Attorney
George H. Singer
Volunteer Staff Attorney and Former Staff Attorney
Heinrich J. Losemann, Jr.
Associate Attorney
Andrea Mayer
Former Associate Attorney
Ralph "J.J." Vosskamp
Law Clerk
Administrative Staff
Carmelita R. Pratt
Administrative Officer
Joe Kuehne
Administrative Assistant
CONTENTS
PREFACE
RECOMMENDATIONS TO CONGRESS
THE COMMISSION: ITS HISTORY AND PROCESS
CHAPTER 1: CONSUMER BANKRUPTCY
Introduction
System Administration
Property Exemptions
Reaffirmation Agreements and the Treatment of Secured Debt
Discharge, Exceptions to Discharge and Objections to Discharge
Chapter 13 Repayment Plans
CHAPTER 2: BUSINESS BANKRUPTCY
Introduction
Treatment of Mass Future Claims in Bankruptcy
Transnational Insolvency
Partnerships
General Issues in Chapter 11
Small Business Proposals
Single Asset Proposals
CHAPTER 3: JURISDICTION, PROCEDURE AND ADMINISTRATION
Introduction
Jurisdiction
Procedure
Administration
State Sovereign Immunity in Bankruptcy after Seminole Tribe
CHAPTER 4: OTHER RECOMMENDATIONS AND ISSUES
Introduction
Data Compilation and Dissemination
Taxation and the Bankruptcy Code
Chapter 9: Municipal Bankruptcy Relief
Chapter 12: Bankruptcy Relief for Family Farmers
CHAPTER 5: INDIVIDUAL COMMISSIONER VIEWS
Babette A. Ceccotti
Babette A. Ceccotti and Hon. Robert E. Ginsberg
Babette A. Ceccotti, Hon. Edith Hollan Jones and James I. Shepard
John A. Gose, Jeffery J. Hartley, Hon. Edith Hollan Jones and James I. Shepard
Jeffery J. Hartley and John A. Gose
Hon. Edith Hollan Jones and James I. Shepard
John A. Gose and Jeffery J. Hartley
Hon. Edith Hollan Jones and James I. Shepard
Hon. Edith Hollan Jones
Hon. Edith Hollan Jones
Hon. Edith Hollan Jones
James I. Shepard
James I. Shepard, John A. Gose and Hon. Edith Hollan Jones
John A. Gose, Hon. Edith Hollan Jones and James I. Shepard
Chairman's Note
VOLUME I
| 
