Report: Bankruptcy reforms spurred mortgage crisis 
By:
Kimberly Atkins
Published: May 13, 2010
Tags: bankruptcy reform, financial crisis, mortgage lending
WASHINGTON – Bankruptcy law reforms enacted in 2005 were a major factor in the ensuing mortgage crisis and current recession, according to a recently released report by a team of economists.
March bankruptcy filings hit highest total since reform
By:
Reni Gertner
Published: April 8, 2010
Tags: American Bankruptcy Institute, Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy filings, bankruptcy reform
Consumer bankruptcy filings hit the highest monthly total in March since the 2005 bankruptcy reform law went into effect, according to the American Bankruptcy Institute.
High Court ruling that lawyers are ‘debt relief agents’ gets mixed reaction
By:
Kimberly Atkins
Published: March 10, 2010
Tags: bankruptcy reform, Milavetz, Supreme Court
WASHINGTON – Bankruptcy attorneys may be more careful about how they advise their clients after the U.S Supreme Court’s holding this week that the communication and disclosure rules that apply to debt relief agents also apply to them.
Bankruptcy on the docket at the Supreme Court
By:
Reni Gertner
Published: November 23, 2009
Tags: Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy discharge, bankruptcy reform, debt relief agency, student loans, undue hardship
Two cases likely to have a big impact on bankruptcy law practice are set to be argued before the justices of the U.S. Supreme Court next week.
Bankruptcy filings continue to rise
By:
Reni Gertner
Published: October 6, 2009
Tags: American Bankruptcy Institute, Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy filings, bankruptcy reform
Consumer bankruptcy filings surpassed 1 million – reaching a total of 1,046,449 filings – in the first nine months of 2009, according to the America Bankruptcy Institute in Washington.
ABA files brief in ‘debt relief agency’ case
By:
Reni Gertner
Published: September 3, 2009
Tags: Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy reform, debt relief agency, National Association of Consumer Bankruptcy Attorneys
The American Bar Association has filed an amicus brief before the U.S. Supreme Court, arguing that the bankruptcy reform law that restricts advice given to debtors by “debt relief agencies” should not apply to attorneys.
Supreme Court to rule on bankruptcy reform law
By:
Correy Stephenson
Published: June 11, 2009
Tags: bankruptcy reform, debt relief agency
Less than four years after the new bankruptcy reform law went into effect, the U.S. Supreme Court has granted certiorari to determine the constitutionality of some of the Act’s most controversial provisions.
Is a bankruptcy attorney a ‘debt relief agency’?
By:
Sylvia Hsieh
Published: June 8, 2009
Tags: bankruptcy reform, debt relief agency
The U.S. Supreme Court has agreed to decide whether a bankruptcy attorney is a “debt relief agency” and whether disclosure provisions in the 2005 bankruptcy reform law are constitutional.
Under the statute, debt relief agency is defined as “any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration, or who is a bankruptcy petition preparer.” (11 U.S.C. §526)
Bankruptcy attorneys continue to speak out about Act’s limits
By:
Reni Gertner
Published: May 14, 2009
Tags: bankruptcy reform
Consumer bankruptcy attorneys are voicing their opposition to two main provisions of the 2005 bankruptcy reform law that continue to affect their practices.
‘Cramdown’ measure not likely to be considered
By:
Reni Gertner
Published: April 27, 2009
Tags: bankruptcy reform, cramdown, mortgage
After much debate, a provision allowing bankruptcy judges to modify the terms of some mortgages is expected to be stripped out of the housing bill the Senate is considering later this week.
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