Business Revised bankruptcy code a relief for home buyers Updated : May 24, 2018 06:26 AM IST A 14-member Insolvency Law Committee had suggested that home buyers should be treated as financial creditors, which will allow them to equitably participate in an insolvency resolution process. The proposed revision of IBC will also benefit housing financing companies’ asset quality. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.