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WASHINGTON-Bankruptcy reform legislation could be on the table for consideration this fall, NAFCU Vice President of Legislative and Political Affairs Brad Thaler said. According to Thaler, the Senate’s recent extension of the farm bankruptcy package through the end of the year has cleared the way for action of the full bankruptcy reform package. That is significant because, he said, H.R. 975 will permanently extend the farm bankruptcy provisions. “It clears the way for bankruptcy consideration again in the fall to try and get it through by the end of the year,” Thaler explained. “Otherwise, Congress will have to act again on the farm bankruptcy provisions before the end of the year.”

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