The Consumer Protection and Corporate Accountability in Bankruptcy Act of 2026 amends bankruptcy laws to dismiss cases deemed objectively futile or.
The Consumer Protection and Corporate Accountability in Bankruptcy Act of 2026 amends title 11 of the United States Code to allow for the dismissal of bankruptcy cases filed under Chapter 11 if they are objectively futile or in subjective bad faith. The court must presume bad faith if the debtor manufactured the venue for the case, a presumption that can only be rebutted with clear and convincing evidence. The act also mandates that a debtor must convert or dismiss their case within 24 months of filing.
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