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S 3675 111th Congress Senate Finance and Financial Sector Bankruptcy Small business

Small Business Jobs Preservation Act of 2010

Introduced: July 29, 2010 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2010
Read twice and referred to the Committee on the Judiciary.
Jul 29, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Jobs Preservation Act of 2010 - Amends federal bankruptcy law to prescribe requirements for reorganization of a small business enterprise debtor.

Prescribes components of the reorganization plan, including: (1) appointment and duties of the bankruptcy trustee; (2) rights and powers of a debtor in possession; (3) removal of debtor in possession; (4) property of the estate in bankruptcy; (5) a debtor's duties and reporting requirements; (6) filing and contents of the reorganization plan; (7) deemed acceptance of a plan by a holder of a claim or interest; (8) a status conference and confirmation of the reorganization plan; (9) discharge and modification of the reorganization plan; and (10) trustee retention and distribution of payments and funds.

States that a person is not disqualified for employment as an attorney, accountant, appraiser, auctioneer, or other professional by a small business enterprise debtor solely because such person holds a claim of less than $5,000 that arose before commencement of the case.

What's happening now July 29, 2010

Read twice and referred to the Committee on the Judiciary.

 Committees of jurisdiction 1