Share:
NEW YORK (PRWEB) December 10, 2020 Today, Upsolve, the leading consumer bankruptcy nonprofit in the United States, announced that it is endorsing the landmark Consumer Bankruptcy Reform Act of 2020. This is the most comprehensive bankruptcy reform introduced since 2005.
On December 9, 2020, Senator Elizabeth Warren (D-Mass.) and House Judiciary Committee Chairman Jerrold Nadler (D-N.Y.) introduced the Consumer Bankruptcy Reform Act of 2020. During his Presidential campaign, President-Elect Joe Biden adopted Senator Warren s proposal.
According to Upsolve CEO and co-founder Rohan Pavuluri, Comprehensive bankruptcy reform is central to our nation s recovery after COVID-19 and our renewed commitment to racial justice. Pavuluri continued, Bankruptcy reform will help millions of Americans re-enter the economy. It will also help Black and Brown communities who suffer from disproportionately high debt loads.