National Bankruptcy Review Commission

The National Bankruptcy Review Commission was established in 1995 to evaluate the U.S. bankruptcy system. Its goal was to assess how well the system worked, identify issues, and propose improvements to better serve both creditors and debtors. The Commission gathered input from various stakeholders, including judges, attorneys, and the public, and ultimately made recommendations for legislative changes. Its work helped inform the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which aimed to address concerns about bankruptcy practices and ensure a fairer process for those undergoing financial difficulties.