TITLE

New Rules for Credit Counseling and Debtor Education

AUTHOR(S)
TIEN, WENDY
PUB. DATE
June 2013
SOURCE
ABI Journal;Jun2013, Vol. 32 Issue 5, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the final credit counseling and debtor education rules by the U.S. Trustee Program which is effective beginning on April 15, 2013. It notes that the final rule has resolved ambiguities in the interim rule and practical issues in the credit-counseling and debtor-education requirements. Moreover, the rule has indicated that credit-counseling agencies and debtor-education providers should consider a maximum fee of $50 as a reasonable fee.
ACCESSION #
88012884

 

Related Articles

  • Practice Aid. Friedman, Richard C. // Commercial Law Bulletin;Jan/Feb2003, Vol. 18 Issue 1, p11 

    Offers tips for petitioners, judges, alleged debtors, assignees, creditors and trustees regarding involuntary bankruptcies. Rule for involuntary partnership; Use of a joinder of additional creditors on defective petitions.

  • Creditors gain leverage in election of trustees. Blakeley, Scott E. // Business Credit;Jun95, Vol. 97 Issue 6, p6 

    Discusses the issue of who will manage the debtor in a chapter 11 case. Move for the appointment of a trustee; Duties of the trustee; Creditor's concerns; Bankruptcy Reform Act of 1994 vesting creditors right to elect trustees; Two alternative grounds for the election of a trustee; Implications...

  • Which Credit Counselor Is Yours? Gandel, Stephen // Money;Nov2005, Vol. 34 Issue 11, p29 

    Looks at how the new bankruptcy law's requirement that anyone considering bankruptcy must have credit counseling from a list of approved counselors. How some debt counselors get a fee for collecting some debts; Some advice on choosing a debt counselor; Advice about working out debts on your own;...

  • State of Sovereign Immunity as a Defense to § 544(b) Avoidances. RUDZIK, FREDERICK F. // ABI Journal;Jul2013, Vol. 32 Issue 6, p20 

    The article discusses creditor avoidance actions on sovereign-immunity grounds related to section 544(b) of the U.S. Bankruptcy Code. According to the section, a trustee may use any applicable non-bankruptcy fraudulent-transfer statute to assert a creditor's right of action. The transfer that a...

  • In re Equipment Services: Why the Court was Forced to Reach a Result Unintended by Congress. Halbach, Timothy R. // DePaul Business & Commercial Law Journal;Summer2003, Vol. 1 Issue 4, p615 

    Discusses the determination of whether a debtor's attorney can receive compensation under §330 of the Bankruptcy Code. History of attorney fees in a bankruptcy proceeding; Court of Appeals cases that have construed §330 after the 1994 amendments; Analysis on the Chapter 11 bankruptcy...

  • Creditor Claims on Retirement Benefits. Foster, Thomas C. // Trusts & Estates;Sep2010, Vol. 149 Issue 9, p54 

    The article features various aspects on the issue of creditor claims regarding retirement benefits. One presents a legal update on four decisions of the court that deals with the effects of the bankruptcy law on the right of the creditor to reach retirement benefits. Another explains the...

  • CATEGORIZING CATEGORIES: PROPERTY OF THE ESTATE AND FRAUDULENT TRANSFERS IN BANKRUPTCY. Cedillos, Michael R. // Michigan Law Review;May2008, Vol. 106 Issue 7, p1405 

    II U.S.C. § 541 defines "property of the estate" in bankruptcy, but courts have not interpreted that section uniformly. The Fifth Circuit has read the term broadly to include both interests in property that the trustee recovers under § 541(a)(3) and legal or equitable interests under §...

  • Property of the Estate: Trademarks in Bankruptcy Proceedings. Levine, Sondra // Journal of Contemporary Legal Issues;2010, Vol. 19 Issue 1, p216 

    The article discusses the trademarks in bankruptcy proceedings in the U.S. It distinguishes Chapter seven bankruptcies and Chapter 11 bankruptcies. It mentions that the bankruptcy court appoints a trustee who succeeds to the bankrupt's estate including its trademarks and who is authorized to...

  • Playing 'catch up' with a prepetition claim can be costly for vendor. Blakeley, Scott // Business Credit;Jul/Aug99, Vol. 101 Issue 7, p10 

    Cites the United States bankruptcy case `In re Centennial Textiles Inc.,' wherein the court considered a vendor's liability where it allegedly submitted inflated invoices for post-petition services. Liability of the vendor for the company's losses under a theory of conspiring to aid and abet...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics