Legislative Bill · Northsea
Passed

Bankruptcy Enforcement Act of 2024

Proposed by The Northsea Rally · fronted by Catherine Wallace
Passing
in the National Assembly
Opened
28 Aug 2024
Voting closes
27 Oct 2024
Chambers
1 legislature
Articles
1 change

Rationale

Stricter bankruptcy rules prevent abuse of debt forgiveness, protecting creditors and ensuring fair fiscal responsibility for all taxpayers.

Proposed Changes

1

Bankruptcy & Insolvency
Previous law
Fresh start: discharge after one year for individuals and small firms
Very strict bankruptcy; debts remain enforceable for decades

Timeline

  • Draft
    28 August 2024


  • Vote Open
    28 August 2024


  • Vote Closed
    27 October 2024


  • Became Law
    27 October 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

National Assembly

Passed
35Yes 0No 65Abstained 0Not voted 100 seats

For: 35 / 100 seats (35.0%)

Against: 0 · Abstained: 65 · Not voted: 0

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Democratic Socialist Of The Northsea 16 Abstain
Liberal Center 31 Abstain
Northsea National Union 18 Abstain
REFORM 0 Yes
The Northsea Rally Proposer 35 Yes

Voting record

Every vote must state a public reason. Most recent first.

REFORM
Voted Sept. 29, 2024
Yes

“we need to hold people accountable”

Liberal Center
Voted Sept. 4, 2024
Yes

“We agree with stricter bankruptcy rules”

Northsea National Union
Voted Aug. 29, 2024
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.”

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