Bill > S5399

This bill, the Medical Bankruptcy Fairness Act of 2024, aims to amend the United States Bankruptcy Code to provide additional protections for "medically distressed debtors." The key provisions of the bill include: defining "medical debt" and "medically distressed debtors," allowing medically distressed debtors to exempt up to $250,000 in certain property, waiving certain administrative requirements for medically distressed debtors filing for bankruptcy under Chapter 7 or Chapter 13, exempting medically distressed debtors from credit counseling requirements, allowing medically distressed debtors to more easily establish "undue hardship" to discharge student loan debt, and requiring medically distressed debtors to file a statement of medical expenses. The bill would take effect upon enactment and apply only to bankruptcy cases filed on or after the date of enactment.