Bankruptcy attorneys are "debt relief agencies" under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, and are therefore subject to its regulations, the U.S. Supreme Court has ruled in an opinion written by Justice Sonia Sotomayor.Read More »
It started out as a busy year for bankruptcy attorneys – and it just became busier as filings continued to rise. From the start of 2009, experts warned novice bankruptcy attorneys to do their homework before jumping into the specialized ...
Tagged with: Bankruptcy Abuse Prevention and Consumer Protection Act bankruptcy filings CHAPTER 13 Chrysler bankruptcy debt relief agency GM bankruptcy loan modification National Association of Consumer Bankruptcy Attorneys Obama student loansRead More »
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.Read More »
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.Read More »
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. This fall, the justices will hear oral argument on who qualifies as a 'debt relief agency' and on what the required disclosures are for such entities.Read More »