Partisan squabbling is threatening to derail legislation to reform the bankruptcy code this year.

The fighting is likely to erupt publicly at Thursday's markup of Rep. George Gekas' needs-based bill in the House Judiciary Committee's commercial and administrative law subcommittee. The Pennsylvania Republican, chairman of the panel, is pushing a formula that would determine which debtors must use Chapter 11 and repay at least some unsecured credit.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.