Board authorizes county attorney to cast affirmative votes on national opioid-bankruptcy settlements After a closed session, the Washington County Board of Commissioners unanimously authorized the county attorney to submit the county's affirmative vote to approve proposed settlement terms in the Purdue Pharma bankruptcy and the Chapter 11 financing proposal for Mallinckrodt plc on July 6, 2021.

Washington County's Board of Commissioners has taken a crucial step in the fight against the opioid crisis by unanimously supporting key bankruptcy settlements.

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#WashingtonCounty #NC #CivicAccountability #PublicHealth #CitizenPortal #BankruptcyReform

Committee advances bill to raise Georgia's homestead bankruptcy exemption A House committee voted to advance LC443365, which would raise Georgia's homestead bankruptcy exemption from $21,500/$43,000 (individual/joint) to $50,000/$100,000, with witnesses urging smaller increases or indexing to federal levels to protect creditors and local vendors.

Georgia's homestead bankruptcy exemption might see a significant boost to $50,000 for individuals and $100,000 for couples, but not everyone agrees on how high it should go.

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#GA #CivicAccountability #CitizenPortal #HomeValue #BankruptcyReform #GeorgiaHomestead

Senate approves narrow change to homestead exemption to protect EITC refunds Second substitute S.B. 112 removes a wildcard homestead provision and makes Earned Income Tax Credit (EITC) refunds untouchable by bankruptcy trustees, sponsors said. The Senate passed the measure and will send it to the House.

The Utah Senate has just passed a crucial bill that protects Earned Income Tax Credit refunds from being snatched away by creditors and bankruptcy trustees, ensuring vital financial relief for working families.

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#UT #TaxCredits #CitizenPortal #FinancialProtection #BankruptcyReform

Uniform ABC act proposed in Nebraska aims to offer an alternative to bankruptcy Sen. Bob Holstrom presented LB783 to adopt the Uniform Assignment for Benefit of Creditors Act, reintroducing an ABC statutory framework last held in Nebraska before repeal in 1945; drafters and industry witnesses said ABCs can maximize creditor recoveries and avoid certain bankruptcy 'preference' clawbacks.

Sen. Bob Holstrom is breathing new life into Nebraska's financial landscape with a proposed ABC Act that promises a smarter, more efficient way to handle distressed businesses—could this be the game-changer we've been waiting for?

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#NE #UniformLaw #BankruptcyReform

Maine senators hear debate over allowing municipalities to file Chapter 9 bankruptcy Sen. Mary Anne Moore presented LD 2009 to permit political subdivisions to enter Chapter 9; she cited Washington County's fiscal crisis and proposed guardrails. Municipal associations, bankers and Maine PERS warned of risks to borrowing costs, pensions and long-term stability; several lawmakers urged exploring audits and other accountability measures instead.

Maine is considering a controversial bill that would allow municipalities to file for bankruptcy, sparking fierce debate over fiscal stability and the future of public pensions.

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#ME #FiscalStability #BankruptcyReform #CitizenPortal #PublicAccountability #MaineMunicipalities

Commission hears preliminary discussion of Jackson Hospital agreement; bankruptcy limits and $7.5M funding timing left unresolved Commission discussed a draft agreement with Jackson Hospital to ensure continuity of services; staff said revisions are forthcoming, Jackson’s separate signatory would require bankruptcy‑court approval and the court has ordered some restrictions; commissioners asked how a proposed $7.5 million payment would be scheduled and were told further meetings with stakeholders are needed.

The commission's discussion on a crucial agreement with Jackson Hospital raises questions about bankruptcy restrictions and a mysterious $7.5 million payment that remain unresolved.

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#MontgomeryCounty #AL #BankruptcyReform #CommunityServices

HLS Student Joe Liberman is back on the #ProofOverPrecedent podcast to discuss potential reform solutions for No Money Down bankruptcies. Take a listen or read the blog: buff.ly/kMxD4Kj #BankruptcyReform #AccessToJustice #LegalReform