Ryan Collins on bankruptcy system
From 06 25 19 RM Collins Opening Statement: Oversight of Bankruptcy Law and Legislative Proposals · · House Judiciary GOP
“The bankruptcy system is a critical component of the economy; it provides an important safety net for entrepreneurs and households when they need a fresh start. It also stabilizes and encourages lending because it is a tried-and-true way for creditors to recover as much as feasible when things go wrong for borrowers.”
On , Ryan Collins, Executive Vice President & Head of Western Region at EASTGROUP PROPERTIES, spoke about bankruptcy system 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.