Senate OKs Bankruptcy Reform Bill; Provisions May Help Automakers

Background
Bank­rupt­cy bill designed to reduce # of Chap­ter 7 bank­rupt­cy fil­ings, in which con­sumers erase debts to unse­cured cred­i­tors, & increase Chap­ter 13 fil­ings
Pro­vi­sion was in bill that passed Con­gress last year but vetoed by then Pres­i­dent Clin­ton
Bush White House for­mal­ly sig­naled inten­tion to sign bill




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