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H.R. 339 (103rd): Secured Credit Availability Amendments of 1993

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jan 5, 1993.


Secured Credit Availability Amendments of 1993 - Amends Federal bankruptcy law to preclude a debtor from avoiding a lien on certain property that would otherwise be exempt if: (1) the lien is a nonpossessory, nonpurchase-money security interest in specified trade-related property; and (2) State law prohibits the debtor from avoiding a lien on such otherwise exempt property.