Congress Urged to Expand Bankruptcy Relief in Wake of Virus (1)

Congress should expand bankruptcy protections for businesses and consumers in response to the new coronavirus pandemic, a group of leading bankruptcy practitioners said.

The National Bankruptcy Conference, a nonpartisan group of attorneys, law professors, and bankruptcy judges that advises the government on bankruptcy policy, sent a letter to Senate and House leaders Sunday, urging them to take action in response to the spread of Covid-19, the disease caused by the virus.

“It threatens the lives, the livelihoods, and the savings of millions of Americans,” the letter said.

Leaders must ensure that the bankruptcy system provides relief “to avoid massive numbers ...