Bankruptcy Enforcement Act of 2024
Rationale
Stricter bankruptcy rules prevent abuse of debt forgiveness, protecting creditors and ensuring fair fiscal responsibility for all taxpayers.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Bankruptcy & Insolvency |
Fresh start: discharge after one year for individuals and small firms
|
Very strict bankruptcy; debts remain enforceable for decades
|
1
Bankruptcy & InsolvencyProposer
Party
The Northsea Rally
The Northsea Rally is a nationalist and sovereignist party focused on national independence, state authority, and unity. It supports a strong state capable of protecting national interests, maintaining public order, and guiding strategic industries. The party promotes economic patriotism, protection
Core pillars
Catherine Wallace
Activist · Age 24
A former marketing strategist turned political outsider, she leveraged social media to launch viral campaigns before any establishment politician took notice.
Timeline
-
Draft28 August 2024
-
Vote Open28 August 2024
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Vote Closed27 October 2024
-
Became Law27 October 2024
Vote tally
Live tally across each chamber. Weighted by seats held.
National Assembly
PassedFor: 35 / 100 seats (35.0%)
Against: 0 · Abstained: 65 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Socialist Of The Northsea | 16 | Abstain | No reason given |
| Liberal Center | 31 | Abstain | No reason given |
| Northsea National Union | 18 | Abstain | NNU recognizes the need for financial responsibility and creditor protection, but this proposal goes further than necessary and does not directly address our core priorities. We will therefore abstain. |
| REFORM | 0 | Yes | we need to hold people accountable |
| The Northsea Rally Proposer | 35 | Yes | No reason given |
Voting record
Every vote must state a public reason. Most recent first.
“We agree with stricter bankruptcy rules”
“NNU recognizes the need for financial responsibility and creditor protection, but this proposal goes further than necessary and does not directly address our core priorities. We will therefore abstain.”