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Loophole Spotted in Bankruptcy Reform Bill

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Loophole Spotted in Bankruptcy Reform Bill

U.S.

Loophole Spotted in Bankruptcy Reform Bill

Loophole Spotted in Bankruptcy Reform Bill

  • Download
  • <iframe src="https://www.npr.org/player/embed/4600728/4600729" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A potential loophole in the bankruptcy bill passed by the House involves asset-protection trusts. These are legal devices that put assets such as stocks, bonds, houses and cars beyond the reach of a bankruptcy judge.