unaltered the rights of the holder of a secured claim that 
has not been avoided under this title. 
‘‘(i) SECURITY INTEREST CREATED TO SECURE RE-
PAYMENT PLAN OBLIGATION.— 
‘‘(1) IN GENERAL.— 
‘‘(A) EFFECT OF CONFIRMATION.—Except 
as provided by subparagraph (C), the confirma-
tion of a repayment plan shall create a security 
interest, which shall be deemed to have arisen 
by agreement, in favor of the trustee on any 
nonexempt property of the estate retained by 
the debtor. 
‘‘(B) FUNCTION.—The security interest 
described in subparagraph (A) shall secure pay-
ment of the amount the court determines the 
debtor must pay to satisfy the requirement of 
section 1025(b). 
‘‘(C) EXCEPTION.—If a debtor is not re-
quired 
to 
make 
payments 
under 
section 
1025(b), the security interest in subparagraph 
(A) shall not arise. 
‘‘(2) RECORD OF SECURITY INTEREST.— 
‘‘(A) IN GENERAL.—The trustee may per-
fect or record the security interest described in 
paragraph (1)(A) in the manner directed by ap-
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00051
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
plicable nonbankruptcy law for perfecting a se-
curity interest in the type of property subject to 
the trustee’s security interest. 
‘‘(B) FEE.—The trustee shall pay any cus-
tomary fee charged under applicable nonbank-
ruptcy law for perfection or recordation of the 
security interest described in paragraph (1)(A). 
‘‘(C) TAX EXEMPTION.—The trustee and 
any other entity shall be exempt from any rec-
ordation tax, transfer tax, or other similar tax 
that would otherwise accrue to the trustee or 
any other entity because of perfection or rec-
ordation of a security interest under this sec-
tion, and the failure to pay any such tax shall 
not be grounds for any filing office or officer to 
refuse to accept a filing from a trustee seeking 
to perfect a security interest under this section. 
‘‘(D) NO
LIABILITY.—The trustee shall 
incur no liability to creditors or the estate for 
failure to perfect or record a security interest 
described in paragraph (1)(A) if the trustee had 
a reasonable and good faith belief that the costs 
of perfection or recordation exceeded the bene-
fits. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00052
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(E) PERFECTION BY POSSESSION.—The 
trustee may not perfect the security interest 
created by this section by taking possession of 
the property unless the debtor consents in writ-
ing. 
‘‘(F) TERMINATION.—Within a reasonable 
time after satisfaction of the minimum payment 
obligation, the trustee shall terminate any per-
fection or recordation of a security interest de-
scribed in paragraph (1)(A) in the manner di-
rected by applicable nonbankruptcy law for ter-
minating the perfection or recordation of a se-
curity interest in the type of property subject to 
the trustee’s security interest. 
‘‘(3) PRIORITY OF SECURITY INTEREST.— 
‘‘(A) IN GENERAL.—The security interest 
described in paragraph (1)(A) shall have pri-
ority as determined by applicable nonbank-
ruptcy law that governs security interests in the 
type of property subject to the trustee’s security 
interest. 
‘‘(B) DEEMING OF VALUE GIVEN.—With 
respect to the security interest described in 
paragraph (1)(A), for purposes of priority 
under the applicable nonbankruptcy law, the 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00053
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
trustee shall be deemed to have given value 
under a simple contract and in good faith as of 
the moment of confirmation. 
‘‘(C) DOMESTIC SUPPORT OBLIGATIONS.— 
Notwithstanding subparagraph (B), a security 
interest created under paragraph (1)(A) shall 
be subordinate to any lien that secures payment 
of a domestic support obligation. 
‘‘(4) SALE OF PROPERTY.— 
‘‘(A) IN
GENERAL.—If the debtor sells 
property covered by the security interest cre-
ated under paragraph (1)(A), the buyer takes 
free of the security interest only if the debtor 
tenders to the trustee the sales proceeds after 
costs of sale and satisfaction of liens superior to 
the security interest created by the security in-
terest. 
‘‘(B) SURPLUS.—If the proceeds of sale 
tendered to the trustee in accordance with sub-
paragraph (A) exceed the minimum payment 
obligation, the trustee shall return the surplus 
to the debtor. 
‘‘(5) ENFORCEMENT OF SECURITY INTEREST.— 
‘‘(A) IN GENERAL.—If the debtor is delin-
quent on the repayment plan under section 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00054
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
1025(e)(3), the trustee may request that the 
court order the debtor to turn over any prop-
erty covered by the security interest created 
under paragraph (1). 
‘‘(B) GRANTING OF REQUEST.—The court 
shall grant the trustee’s request for turnover 
under subparagraph (A) unless— 
‘‘(i) the delinquency is because of cir-
cumstances that the debtor could not rea-
sonably avoid; and 
‘‘(ii) the debtor shows there is a rea-
sonable probability of curing the delin-
quency within a reasonable time. 
‘‘(C) SALE OF PROPERTY.—After the debt-
or turns over property under this paragraph, 
the trustee shall— 
‘‘(i) sell the property; 
‘‘(ii) after deducting costs of the sale, 
satisfying liens superior to the security in-
terest created by paragraph (1)(A), and 
satisfying any compensation owed the 
trustee, apply the sales proceeds to pay-
ment of the minimum payment obligation; 
and 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00055
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(iii) return any surplus from the sale 
above the minimum payment obligation to 
the debtor. 
‘‘(D) INSTRUMENT TO TRANSFER.—After 
a sale in accordance with this paragraph, the 
debtor or the trustee is authorized to execute, 
on the debtor’s or the trustee’s behalf, as the 
case may be, any instrument necessary or or-
dered by the court to effectuate the transfer to 
the purchaser. 
‘‘(j) EFFECT OF RESIDENCE OR PROPERTY PLAN.— 
Except to the extent inconsistent with the plan or the pro-
visions of this title, confirmation of a residence plan or 
a property plan leaves unaltered the rights of the parties 
under any agreement that is the basis for a claim secured 
by property provided for by the plan. 
‘‘(k) CERTAIN CONTRACT PROVISIONS VOID.— 
‘‘(1) IPSO
FACTO
CLAUSES
VOID.—The con-
firmation of a plan voids any provision in a contract 
provided for by the plan that is conditioned on— 
‘‘(A) the insolvency or financial condition 
of the debtor at any time before the closing of 
a case; 
‘‘(B) the commencement of a case under 
this title; or 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00056
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(C) the appointment of, or taking of pos-
session by, a trustee in a case under this title 
or a custodian before a case is commenced 
under this title. 
‘‘(2) ARBITRATION AND JOINT-ACTION PROVI-
SIONS VOID.—Notwithstanding any contrary provi-
sion of nonbankruptcy law, the confirmation of a 
plan voids any pre-dispute arbitration agreement or 
pre-dispute joint-action lawsuit waiver relating to 
property subject to the plan. 
‘‘(l) JURISDICTION TO RESOLVE DISPUTES.—Upon 
confirmation of a plan, the court shall retain jurisdiction 
to resolve any disputes arising under, or relating to, the 
plan and may order any appropriate relief in such a dis-
pute, including the suspension of the payment obligations 
of the debtor under the plan. 
‘‘§ 1029. Modification of repayment plan 
‘‘(a) IN GENERAL.—After notice and a hearing, the 
court may, for cause, modify an obligation of the debtor 
under a repayment plan based on a material change in 
the financial condition of the debtor that— 
‘‘(1) occurs after the date of the confirmation 
of the repayment plan; and 
‘‘(2) would impose a substantial burden on the 
debtor or a dependent of the debtor. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00057
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(b) UNANTICIPATED ATTORNEY’S FEES.—If the 
debtor incurs unanticipated attorney’s fees for services 
provided subsequent to confirmation of a repayment plan, 
including for services relating to this section, after notice 
and a hearing, the court may, for cause— 
‘‘(1) subject to section 502(b)(3), allow the 
debtor to modify the repayment plan to include 
treatment of such attorney’s fees; and 
‘‘(2) permit the debtor to extend the term of a 
repayment plan by up to 6 months to facilitate 
treatment of such attorney’s fees. 
‘‘SUBCHAPTER III—DISCHARGE 
‘‘§ 1031. Discharge; scope and timing 
‘‘(a) IN GENERAL.—Subject to subsection (b), the 
court shall grant the debtor a discharge in accordance with 
subsection (c) as soon as is practicable after— 
‘‘(1) the date of confirmation of a repayment 
plan; or 
‘‘(2) in the case of a debtor that has no min-
imum payment obligation, the date on which the 
deadline for filing a repayment plan under section 
1021(e) expires. 
‘‘(b) EXCEPTIONS.—The court may not grant a dis-
charge under subsection (a) to a debtor who has— 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00058
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(1) been granted a discharge under this sec-
tion, under section 1141, 1192, 1128, or under sec-
tion 727 or 1328, as in effect on the day before the 
date of enactment of the Consumer Bankruptcy Re-
form Act of 2024, within 6 years of the date of the 
filing of the petition; 
‘‘(2) failed to tender the property of the estate 
that is designated to be tendered under a repayment 
plan under section 1022(a)(1)(A)(i)(II); 
‘‘(3)(A) executed a written waiver of discharge 
after the date of the order for relief; and 
‘‘(B) appeared at a hearing at which the court 
determined that the debtor adequately understands 
the terms and consequences of the waiver described 
in subparagraph (A); 
‘‘(4) with the intent to hinder, delay, or defraud 
a creditor or an officer of the estate charged with 
the custody of property under this title, transferred, 
removed, destroyed, mutilated, concealed, or per-
mitted the transfer, removal, destruction, mutilation, 
or concealment of— 
‘‘(A) property of the debtor within 1 year 
of the date of the filing of the petition; or 
‘‘(B) property of the estate after the date 
of the filing of the petition; 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00059
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(5) concealed, destroyed, mutilated, falsified, 
or failed to keep or preserve any recorded informa-
tion from which the financial condition or business 
transactions of the debtor might have been 
ascertained, unless such act or failure was justified 
under all of the circumstances of the case; 
‘‘(6) knowingly and fraudulently, in the case or 
in connection with the case— 
‘‘(A) made a false oath or account; 
‘‘(B) presented or used a false claim; 
‘‘(C) gave, offered, received, or attempted 
to obtain money, property, or advantage, or a 
promise of money, property, or advantage, for 
acting or forbearing to act; or 
‘‘(D) withheld from the trustee any re-
corded information, including books, documents, 
records, and papers, relating to the property or 
financial affairs of the debtor; 
‘‘(7) failed to satisfactorily explain, before the 
determination of denial of discharge under this para-
graph, any loss of assets or deficiency of assets to 
meet the liabilities of the debtor; or 
‘‘(8) refused in the case— 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00060
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(A) to obey any lawful order of the court, 
other than an order to respond to a material 
question or to testify; 
‘‘(B) on the ground of privilege against 
self-incrimination, to respond to a material 
question approved by the court or to testify 
after the debtor has been granted immunity 
with respect to the matter concerning which the 
privilege was invoked; or 
‘‘(C) on a ground other than a properly in-
voked privilege against self-incrimination, to re-
spond to a material question approved by the 
court or to testify. 
‘‘(c) DEBTS DISCHARGED.—Except as provided in 
section 523, a discharge under subsection (a) discharges 
the debtor from all debts that arose before the date of 
the order for relief under this chapter and any liability 
on a claim that is determined under section 502 as if such 
debt or claim had arisen before the commencement of the 
case, whether or not— 
‘‘(1) a proof of claim based on any such debt 
or liability is filed under section 501; or 
‘‘(2) a claim based on any such debt or liability 
is allowed under section 502. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00061
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(d) NOTICE OF DEBTOR’S RIGHTS.—Upon granting 
a discharge under subsection (a), the court shall include 
in the discharge order provided to the debtor on a form 
prescribed by the Judicial Conference of the United States 
in accordance with rule 9009 of the Federal Rules of 
Bankruptcy Procedure a conspicuous notice of— 
‘‘(1) the right to bring an action for contempt 
or a civil action under section 524(c); and 
‘‘(2) the existence of other Federal or State 
laws that may provide additional remedies to the 
debtor in the event a person violates section 524. 
‘‘(e) SCOPE
OF DISCHARGE WITH RESPECT
TO 
TAXES.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), 
if the debtor pays through a repayment plan all tax 
debts entitled to priority under section 507(a)(8), 
the discharge under subsection (a) shall apply to all 
debts described in section 523(a)(1). 
‘‘(2) EXCEPTION.—Paragraph (1) shall not 
apply to a debt incurred through fraud. 
‘‘§ 1032. Revocation of discharge or order of con-
firmation 
‘‘(a) IN GENERAL.—On request of the trustee, a 
creditor, or the United States trustee, at any time within 
1 year after the date of the entry of an order of confirma-
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00062
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
section (a), the court shall convert or dismiss the case 
under section 1005. 
‘‘SUBCHAPTER IV—AVOIDANCE ACTIONS 
‘‘§ 1041. Treatment of certain liens 
‘‘The trustee may avoid a lien that secures a claim 
of a kind described in section 726(a)(4). 
‘‘§ 1042. Limitations on avoidance actions 
‘‘The trustee may not bring an action to avoid a 
transfer or obligation under section 544, 545, 547, 548, 
553, or 1041, unless there are allowed unsecured claims 
against the estate that the debtor does not propose to pay 
in full under a repayment plan. 
‘‘SUBCHAPTER V—LIMITED PROCEEDINGS 
‘‘§ 1051. Election of limited proceeding 
‘‘(a) IN GENERAL.— 
‘‘(1) ELECTION OF LIMITED PROCEEDING.—In 
a case commenced under section 301 or 302, a debt-
or that is eligible to file under this chapter may, as 
part of the petition for relief, elect to conduct a lim-
ited proceeding that affects only claims secured by 
specific items of the property of the debtor under 
this subchapter. 
‘‘(2) GENERAL PROCEEDING AS DEFAULT.—If 
the debtor does not elect to conduct a limited pro-
ceeding in a case under this chapter— 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00064
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(A) the case shall proceed as a general 
proceeding under this title; and 
‘‘(B) this subchapter shall not apply to the 
case. 
‘‘(b) LIMITATION ON ELECTION.— 
‘‘(1) IN GENERAL.—After the entry of order for 
relief, the debtor may not elect to conduct a limited 
proceeding. 
‘‘(2) ELECTION AFTER DISMISSAL.—Nothing in 
this section shall preclude a debtor, subsequent to 
the dismissal of a case, from— 
‘‘(A) filing a petition under section 301 or 
302; and 
‘‘(B) electing to conduct a limited pro-
ceeding under subsection (a). 
‘‘§ 1052. Effect of limited proceeding 
‘‘If the debtor elects to conduct a limited proceeding 
under section 1051(a)— 
‘‘(1) the debtor shall file with the petition a 
schedule of affected property designating the prop-
erty to be subject to the limited proceeding that lists 
any creditor that has an interest in such property; 
‘‘(2) the property of the estate under section 
541 shall be limited to property that the debtor has 
indicated in the schedule of affected property; 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00065
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(3) sections 341, 365, 1001, 1002, 1003, 
1005(a), 1005(b)(4), 1005(b)(7), 1005(c), 1008, 
1021(a)(1), 1025, 1027(a), 1031, 1032, 1041, and 
1042 shall not apply to the case; 
‘‘(4) subject to any limitations of a trustee 
under this chapter, the debtor shall have the rights 
and powers of a trustee under— 
‘‘(A) subsections (b), (c), (d), (f), and (l) 
of section 363; and 
‘‘(B) sections 364, 544, 546, 547, 548, 
549, and 553. 
‘‘(5) the debtor shall file 1 or more plans under 
paragraphs (2) and (3) of section 1021(a) with re-
spect to property listed in the schedule of affected 
property within 7 days of the order for relief, or 
such further time as the court may allow for cause, 
but in no case more than 30 days after the date of 
the order for relief; 
‘‘(6) the stay under subsection section 362(a) 
shall apply only to entities with an interest in the 
property that the debtor has indicated in the sched-
ule of affected property as intended for treatment 
under a plan; 
‘‘(7) the debtor shall not be required to file the 
items required under section 521(a)(1)(B), other 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00066
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
than a statement of current income and current ex-
penditures; and 
‘‘(8) notice of the order for relief shall not be 
required to be provided to parties other than parties 
with claims secured by property that the debtor has 
indicated in the schedule of affected property and to 
the United States trustee. 
‘‘§ 1053. Dismissal or conversion of limited pro-
ceedings 
‘‘(a) ELECTION OF DISMISSAL OR CONVERSION OF 
LIMITED PROCEEDING.—The debtor may elect to dismiss 
a limited proceeding or convert a limited proceeding to a 
general proceeding under this chapter by filing a notice 
of termination or conversion within 7 days of the earlier 
of— 
‘‘(1) the failure of the debtor to timely file a 
plan required under section 1052(5); or 
‘‘(2) the failure of the court to confirm a plan 
within 60 days of the date of the order for relief. 
‘‘(b) CONVERSION OF LIMITED PROCEEDING.—If a 
debtor elects to convert a limited proceeding to a general 
proceeding under this chapter under subsection (a)— 
‘‘(1) the property of the estate shall be deter-
mined under section 541, without regard to section 
1052(2), as of the date of the notice of conversion; 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00067
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(2) the stay under section 362(a) shall apply 
to each entity as of the date of the notice of conver-
sion; 
‘‘(3) notice of the order for relief shall be pro-
vided to each party in interest that was not notified 
under section 1052(8); 
‘‘(4) any timeline for an action to be taken by 
the debtor under this title that begins on the date 
of the order for relief shall be adjusted to begin on 
the date of the notice of conversion; 
‘‘(5) except as provided in section 506, with re-
spect to a creditor that has a claim secured by prop-
erty included in the schedule of affected property 
filed under section 1052(1), any claims that arose 
against the debtor after the date of the order for re-
lief and before the date of the notice of conversion 
shall be deemed to have arisen immediately before 
the date of the filing of the petition; and 
‘‘(6) any valuation of property or an allowed se-
cured claim, any determination of a claim allowance, 
and any other determination made in the course of 
the limited proceeding may be used in the general 
proceeding, unless the court for cause orders other-
wise. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00068
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(c) DISMISSAL
BY
COURT
OF
LIMITED
PRO-
CEEDING.—At any time, after notice and a hearing, the 
court, on its own motion or on a motion by the United 
States trustee, may dismiss a case that is proceeding as 
a limited proceeding on the grounds that the granting of 
relief would be a manifestly improper use of the bank-
ruptcy system.’’. 
(b) CLERICAL AMENDMENT.—The table of chapters 
for title 11, United States Code, is amended by inserting 
after the item relating to chapter 9 the following: 
‘‘10. Individual bankruptcy ..................................................................... 1001’’. 
SEC. 103. REPEAL OF CHAPTER 13. 
(a) IN GENERAL.—Chapter 13 of title 11, United 
States Code, is repealed. 
(b) CLERICAL AMENDMENT.—The table of chapters 
for title 11, United States Code, is amended by striking 
the item relating to chapter 13. 
SEC. 104. OTHER AMENDMENTS TO THE BANKRUPTCY 
CODE. 
(a) DEFINITIONS.— 
(1) IN
GENERAL.—Section 101 of title 11 
United States Code, is amended— 
(A) by striking paragraphs (3), (4A), 
(10A), (12A), and (30); 
(B) by redesignating paragraphs (53B), 
(53C), (56A), (53D), (54), (54A), and (55) as 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00069
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
paragraphs (86), (87), (88), (89), (90), (91), 
and (92), respectively; 
(C) by inserting before paragraph (86), as 
so redesignated, the following: 
‘‘(85) The term ‘store gift card’ means a card, 
code, or other device that is— 
‘‘(A) issued in exchange for payment on a 
prepaid basis primarily for personal, family, or 
household purposes to a consumer in a specified 
amount, whether or not that amount may be in-
creased or reloaded; and 
‘‘(B) redeemable for goods or services upon 
presentation at a single merchant or an affili-
ated group of merchants.’’; 
(D) by redesignating paragraphs (48), 
(48A), (49), (50), (51), (51A), (51B), (51C), 
(51D), (52), (53), and (53A) as paragraphs 
(73), (74), (75), (76), (77), (78), (79), (80), 
(81), (82), (83), and (84), respectively; 
(E) by inserting before paragraph (73), as 
so redesignated, the following: 
‘‘(72) The term ‘residence plan’ means a plan 
filed pursuant to section 1022(b) of this title.’’; 
(F) by redesignating paragraphs (46) and 
(47) as paragraphs (70) and (71), respectively; 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00070
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
(G) by inserting before paragraph (70), as 
so redesignated, the following: 
‘‘(69) The term ‘repayment plan’ means a plan 
filed pursuant to section 1022(a) of this title.’’; 
(H) by redesignating paragraph (45) as 
paragraph (68); 
(I) by inserting before paragraph (68), as 
so redesignated, the following: 
‘‘(67) The term ‘realizable value’ means the 
value, as of the relevant date, that could be obtained 
for the relevant property in a lawful foreclosure, re-
possession, or execution sale, less the costs of such 
sale.’’; 
(J) by redesignating paragraphs (43) and 
(44) as paragraphs (65) and (66), respectively; 
(K) by inserting before paragraph (65), as 
so redesignated, the following: 
‘‘(64) The term ‘property plan’ means a plan 
filed pursuant to section 1022(c) of this title.’’; 
(L) by redesignating paragraph (42A) as 
paragraph (63); 
(M) by inserting before paragraph (63), as 
so redesignated, the following: 
‘‘(61) The term ‘pre-dispute arbitration agree-
ment’ means any agreement to which the debtor is 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00071
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
a party to arbitrate a dispute that has not arisen at 
the time of the making of the agreement. 
‘‘(62) The term ‘pre-dispute joint-action waiver’ 
means any agreement to which the debtor is a party, 
whether or not part of a predispute arbitration 
agreement, that would prohibit the debtor from par-
ticipating, or waive the right of the debtor to partici-
pate, in a joint, class, or collective action in a judi-
cial, arbitral, administrative, or other forum, con-
cerning a dispute that has not yet arisen at the time 
of the making of the agreement’’; 
(N) by redesignating paragraphs (40), 
(40A), (40B), (41), (41A), and (42) as para-
graphs (55), (56), (57), (58), (59), and (60), 
respectively; 
(O) by inserting before paragraph (55), as 
so redesignated, the following: 
‘‘(54) The term ‘minimum payment obligation’ 
means, except as provided in section 1021(d)(1) of 
this title, an amount equal to the lesser of— 
‘‘(A) the allowed unsecured claims; or 
‘‘(B) the sum of— 
‘‘(i) the value of the debtor’s interest 
in property of the bankruptcy estate in ex-
cess of— 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00072
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(I) any allowed secured claims 
that are secured by that property; 
plus 
‘‘(II) any exemption applicable 
under section 522(b); and 
‘‘(ii) to the extent the debtor’s annual 
income exceeds 135 percent of the sum of 
the median family income of the applicable 
State for 1 earner plus $15,000 for each 
individual in the household other than the 
debtor— 
‘‘(I) if the excess is not over 
$10,000, 15 percent of the excess; 
‘‘(II) if the excess is over 
$10,000 but not over $50,000, $1,500 
plus 45 percent of the excess over 
$10,000; 
‘‘(III) if the excess is over 
$50,000 but not over $100,000, 
$19,500 plus 75 percent of the excess 
over $50,000; or 
‘‘(IV) if the excess is over 
$100,000, $57,000 plus 150 percent 
of the excess over $100,000.’’; 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00073
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
(P) by redesignating paragraphs (31), 
(32), (33), (34), (35), (35A), (36), (37), (38), 
(38), (38A), (38B), (39), and (39A) as para-
graphs (41), (42), (43), (44), (45), (46), (47), 
(48), (49), (50), (51), (52), and (53), respec-
tively; 
(Q) in paragraph (45)(B), as so redesig-
nated, by striking ‘‘paragraphs (21B) and 
(33)(A)’’ and inserting ‘‘paragraphs (29) and 
(43)(A)’’; 
(R) by redesignating paragraphs (14), 
(14A), (15), (16), (17), (18), (19), (19A), 
(19B), (20), (21), (21A), (21B), (22), (22A), 
(23), (24), (25), (26), (27), (27A), (27B), (28), 
and (29) as paragraphs (17), (18), (19), (20), 
(21), (22), (23), (24), (25), (26), (27), (28), 
(29), (30), (31), (32), (33), (34), (35), (36), 
(37), (38), (39), and (40), respectively; 
(S) in paragraph (18), as so redesignated, 
(i) in the matter preceding subpara-
graph (A), by inserting ‘‘attorneys’ fees 
and’’ before ‘‘interest’’; and 
(ii) by striking subparagraph (A) and 
inserting the following: 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00074
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(A) owed to or recoverable by a spouse, 
former spouse, or child of the debtor or a par-
ent, legal guardian, or responsible relative of 
such a child;’’; 
(T) by striking paragraph (13A) and in-
serting the following: 
‘‘(16) The term ‘debtor’s principal residence’, 
with respect to a debtor, means 1 of the following: 
‘‘(A) A residential structure that the debt-
or or a dependent uses as a residence, including 
an individual condominium, a mobile or manu-
factured home, or trailer or houseboat, and inci-
dental property, without regard to whether that 
structure is attached to real property. 
‘‘(B) An interest in a cooperative that 
owns property that the debtor or a dependent 
of the debtor uses as a residence. 
‘‘(C) A residential leasehold that the debt-
or or a dependent of the debtor uses as a resi-
dence.’’; 
(U) by redesignating paragraphs (7A), 
(7B) (8), (9), (10), (11), (12), and (13) as 
paragraphs (8), (9), (10), (11), (12), (13), 
(14), and (15), respectively; and 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00075
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
(V) by inserting before paragraph (4) the 
following: 
‘‘(3) The term ‘annual income’ means— 
‘‘(A) an amount equal to twice the income 
from all sources that the debtor receives (or in 
a joint case the debtor and the debtor’s spouse 
receive) without regard to whether such income 
is taxable, derived during the 6-month period 
ending on the last day of the calendar month 
immediately preceding the date of the filing of 
the petition; and 
‘‘(B) any amount paid by any entity other 
than the debtor (or in a joint case the debtor 
and the debtor’s spouse), on a regular basis on 
behalf of the debtor, except that the proceeds 
from the sale of an asset not in the ordinary 
course of business shall not be included in an-
nual income.’’. 
(2) CONFORMING
AMENDMENTS
TO
OTHER 
LAWS.— 
(A) Section 1503(4)(A)(iv) of the S.A.F.E. 
Mortgage Licensing Act of 2008 (12 U.S.C. 
5102(4)(A)(iv)) is amended by striking ‘‘section 
101(53D)’’ and inserting ‘‘section 101(89)’’. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00076
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
(1) in subsection (b), in the matter preceding 
paragraph (1), by striking ‘‘or 1301’’; and 
(2) in subsection (c)— 
(A) in the matter preceding paragraph (1), 
by striking ‘‘1201 or 1301’’ and inserting 
‘‘1009 or 1201’’; and 
(B) in paragraph (2), by striking ‘‘section 
362, 922, 1201, or 1301 of this title,’’ and in-
serting ‘‘section 362, 922, or 1201 of this 
title,’’. 
(f) WHO MAY BE A DEBTOR.— 
(1) IN
GENERAL.—Section 109 of title 11, 
United States Code, is amended— 
(A) in subsection (b)— 
(i) by redesignating paragraphs (1), 
(2), and (3) as paragraphs (2), (3), and 
(4), respectively; and 
(ii) by inserting before paragraph (2), 
as so redesignated, the following: 
‘‘(1) an individual;’’; 
(B) by striking subsection (e); 
(C) by redesignating subsection (d) as (e); 
(D) by inserting after subsection (c) the 
following: 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00080
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(d) Only an individual who owes aggregate non-
contingent liquidated secured and unsecured debts as of 
the date of the filing of the petition or the date of the 
order for relief in an amount not more than $7,500,000 
(excluding debts owed to 1 or more affiliates or insiders) 
may be a debtor under chapter 10 of this title.’’; 
(E) in subsection (e), as so redesignated, 
by striking ‘‘railroad, a person’’ and inserting 
‘‘railroad, an individual, a person’’; 
(F) by striking subsection (g) and insert-
ing the following: 
‘‘(g) Notwithstanding any other provision of this sec-
tion, no individual or family farmer may be a debtor under 
this title who has been a debtor in a case pending under 
this title at any time in the preceding 180 days if the case 
was dismissed by the court for willful failure of the debtor 
to abide by orders of the court, or to appear before the 
court in proper prosecution of the case.’’; and 
(G) by striking subsection (h) and insert-
ing the following: 
‘‘(h)(1) Upon motion of a party in interest or on the 
court’s own motion, the court may, after notice and a 
hearing, include in an order dismissing a case under sec-
tions 707, 1005, 1053(c), 1112, or 1208 of this title a 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00081
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
restriction of the debtor’s eligibility to refile a subsequent 
case under this title upon a finding of cause, including— 
‘‘(A) willful failure of the debtor to— 
‘‘(i) abide by orders of the court; or 
‘‘(ii) propose a plan required under sec-
tions 1021, 1129, or 1225 in good faith and not 
by any means forbidden by law; 
‘‘(B) willful and substantial default by the debt-
or with respect to a term of a confirmed plan; 
‘‘(C) a pattern or practice of filing bankruptcy 
petitions as part of a manifestly improper use of the 
bankruptcy system; 
‘‘(D) willful failure of the debtor to appear be-
fore the court in proper prosecution of the case; or 
‘‘(E) other manifestly improper use of the pro-
visions of this title. 
‘‘(2) The period of ineligibility for a subsequent 
case— 
‘‘(A) shall extend for 180 days from the date of 
the entry of the court’s order unless the court orders 
otherwise; and 
‘‘(B) may extend for a period longer than 180 
days (but not to exceed 720 days) only if the court 
finds manifestly improper use the bankruptcy sys-
tem. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00082
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(3) After notice and a hearing, the court may de-
crease the period of ineligibility based upon a showing of 
changed circumstances or for good cause shown.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 1501(c)(2) of title 11, United 
States Code, is amended by striking ‘‘109(e)’’ 
and inserting ‘‘109(d)’’. 
(B) Section 303(1) of PROMESA (48 
U.S.C. 2163(1)) is amended by striking ‘‘sec-
tion 
109(b)(2)’’ 
and 
inserting 
‘‘section 
109(b)(3)’’. 
(g) PENALTY FOR PERSONS WHO NEGLIGENTLY OR 
FRAUDULENTLY PREPARE BANKRUPTCY PETITIONS.— 
Section 110(e)(2)(B)(i)(II) of title 11, United States 
Code, is amended by striking ‘‘under chapter 7, 11, 12, 
or 13’’ and inserting ‘‘under chapter 10, 11, or 12’’. 
(h) NONPROFIT BUDGET AND CREDIT COUNSELING 
AGENCIES; FINANCIAL MANAGEMENT INSTRUCTIONAL 
COURSES.— 
(1) Chapter 1 of title 11, United States Code, 
is amended by striking section 111. 
(2) The table of sections for chapter 1 of title 
11, United States Code, is amended by striking the 
item relating to section 111. 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00083
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS
(i) INVOLUNTARY CASES.—Section 303 of title 11, 
United States Code, is amended— 
(1) in subsection (a) by striking ‘‘chapter 7 or 
11 of this title’’ and inserting ‘‘chapter 7, 10, or 11 
of this title’’; 
(2) in subsection (b) by striking ‘‘chapter 7 or 
11 of this title—’’ and inserting ‘‘chapter 7, 10, or 
11 of this title—’’; 
(3) in subsection (g)— 
(A) by striking ‘‘chapter 7 of this title’’ 
and inserting ‘‘chapter 7 or 10 of this title’’; 
and 
(B) by striking ‘‘section 701 of this title’’ 
and inserting ‘‘section 701 or 1003 of this 
title’’; and 
(4) in subsection (k)(2), by striking ‘‘the court 
may enter an order’’ and inserting ‘‘the court shall 
enter an order’’. 
(j) APPEARANCE BY CONSUMER FINANCIAL PROTEC-
TION BUREAU.— 
(1) IN GENERAL.—Subchapter I of chapter 3 of 
title 11, United States Code, is amended by adding 
at the end the following: 
VerDate Sep 11 2014 
23:17 Jan 25, 2025
Jkt 059200
PO 00000
Frm 00084
Fmt 6652
Sfmt 6201
E:\BILLS\H10500.IH
H10500
ssavage on LAPJG3WLY3PROD with BILLS