The House was expected late Wednesday to adopt a compromise consumer bankruptcy bill, and the Senate could act as early as today.

The compromise bill would combine the Senate and House approaches to needs-based bankruptcy, which means consumers who can afford to do so must 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.