Ryan Collins on Chapter 11
From 06 25 19 RM Collins Opening Statement: Oversight of Bankruptcy Law and Legislative Proposals · · House Judiciary GOP
“Chapter 11's terms have been poorly suited to allow small businesses and their creditors to take full advantage of the relief it promises. This bill takes up as a model for small business the provisions of Chapter 12 that help small family farmers to reorganize their enterprises when needed.”
On , Ryan Collins, Executive Vice President & Head of Western Region at EASTGROUP PROPERTIES, spoke about Chapter 11 during 06 25 19 RM Collins Opening Statement: Oversight of Bankruptcy Law and Legislative Proposals on House Judiciary GOP.
About Ryan Collins
In a 2019 opening statement before a House Judiciary subcommittee, Ryan Collins, then a member of Congress, discussed several bankruptcy-related bills. He praised the Small Business Reorganization Act, which he co-sponsored, describing it as a reform to Chapter 11 of the Bankruptcy Code that would help small businesses reorganize debt and preserve jobs. Collins also expressed support for bills offering flexibility for service members, increasing debt reorganization limits in Chapter 12, and improving transparency regarding firms handling Puerto Rico's insolvency. Collins addressed proposed legislation to expand student loan debt discharge in bankruptcy, stating that while he was concerned about rising higher education costs and student debt, he believed the focus should be on reducing costs rather than making it easier to discharge loans. He argued that discharging federal student loans in bankruptcy would leave taxpayers "holding the bag" and called for a comprehensive approach to the issue.