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COVID–19 Bankruptcy Relief Extension Act of 2021

USA117th CongressS-473| Senate 
| Updated: 2/25/2021
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Cosponsors (2)
Angus S. King (Independent)Chuck Grassley (Republican)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
COVID-19 Bankruptcy Relief Extension Act of 2021 This bill extends existing provisions that provide relief to debtors in bankruptcy, including those related to the COVID-19 (i.e., coronavirus disease 2019) pandemic. These provisions (1) exclude certain COVID-19 aid payments from income for the purposes of bankruptcy, and (2) increase the debt eligibility threshold for businesses qualifying for certain types of Chapter 11 reorganization bankruptcy. Currently, these provisions expire March 27, 2021. The bill extends these provisions for one year. The bill also allows for modification of a Chapter 13 repayment plan for plans confirmed before the date of enactment of this bill if the debtor is experiencing material financial hardship due to COVID-19. Currently, such a modification is only available for plans confirmed before March 27, 2020. In addition, the bill extends through March 27, 2022, other bankruptcy protections that currently expire December 27, 2021. These provisions include those that (1) provide for discharge of certain debts, (2) prohibit denying a party COVID-related mortgage or eviction relief due to a party being a debtor in bankruptcy, and (3) protect against termination of utility services in certain circumstances.
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Timeline
Feb 25, 2021
Introduced in Senate
Feb 25, 2021
Read twice and referred to the Committee on the Judiciary. (text: CR S900)
Mar 27, 2021

Latest Companion Bill Action

HR 117-1651
Signed by President.
  • February 25, 2021
    Introduced in Senate


  • February 25, 2021
    Read twice and referred to the Committee on the Judiciary. (text: CR S900)


  • March 27, 2021

    Latest Companion Bill Action

    HR 117-1651
    Signed by President.

Finance and Financial Sector

Related Bills

  • HR 117-1651: COVID-19 Bankruptcy Relief Extension Act of 2021
BankruptcyCardiovascular and respiratory healthDebt collectionEmergency medical services and trauma careInfectious and parasitic diseasesSmall business

COVID–19 Bankruptcy Relief Extension Act of 2021

USA117th CongressS-473| Senate 
| Updated: 2/25/2021
COVID-19 Bankruptcy Relief Extension Act of 2021 This bill extends existing provisions that provide relief to debtors in bankruptcy, including those related to the COVID-19 (i.e., coronavirus disease 2019) pandemic. These provisions (1) exclude certain COVID-19 aid payments from income for the purposes of bankruptcy, and (2) increase the debt eligibility threshold for businesses qualifying for certain types of Chapter 11 reorganization bankruptcy. Currently, these provisions expire March 27, 2021. The bill extends these provisions for one year. The bill also allows for modification of a Chapter 13 repayment plan for plans confirmed before the date of enactment of this bill if the debtor is experiencing material financial hardship due to COVID-19. Currently, such a modification is only available for plans confirmed before March 27, 2020. In addition, the bill extends through March 27, 2022, other bankruptcy protections that currently expire December 27, 2021. These provisions include those that (1) provide for discharge of certain debts, (2) prohibit denying a party COVID-related mortgage or eviction relief due to a party being a debtor in bankruptcy, and (3) protect against termination of utility services in certain circumstances.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 25, 2021
Introduced in Senate
Feb 25, 2021
Read twice and referred to the Committee on the Judiciary. (text: CR S900)
Mar 27, 2021

Latest Companion Bill Action

HR 117-1651
Signed by President.
  • February 25, 2021
    Introduced in Senate


  • February 25, 2021
    Read twice and referred to the Committee on the Judiciary. (text: CR S900)


  • March 27, 2021

    Latest Companion Bill Action

    HR 117-1651
    Signed by President.
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Cosponsors (2)
Angus S. King (Independent)Chuck Grassley (Republican)

Judiciary Committee

Finance and Financial Sector

Related Bills

  • HR 117-1651: COVID-19 Bankruptcy Relief Extension Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyCardiovascular and respiratory healthDebt collectionEmergency medical services and trauma careInfectious and parasitic diseasesSmall business