CFPB Releases Report on Debt Settlements and Credit Counseling

July 10, 2020, the CFPB released a report examining recent trends in debt settlement and credit counseling. Many Americans struggle with their debts, especially during times of crisis. Today’s report documents changes over time in how consumers have used these debt relief options for unsecured debt.

Using the Bureau’s Consumer Credit Panel (CCP), a . . . → Read More: CFPB Releases Report on Debt Settlements and Credit Counseling

ZOOM – Instructions/Directions from the Office of Ronda Winnecour, Standing Chapter 13 Trustee*

(Items in italics have been added by Academy staff)

. . . will be held virtually by ZOOM . . .

Please visit our website at ch13pitt.com (this site has very detailed directions) for all of the details and instructions. A computer is not a necessity since ZOOM also allows participation by telephone (iphone, . . . → Read More: ZOOM – Instructions/Directions from the Office of Ronda Winnecour, Standing Chapter 13 Trustee*

Covid-19 and the 7 Year Plan

By Ken Siomos, Staff Attorney for Marsha L. Combs-Skinner (Newman, IL)

A small part of the recently passed “Cares Act” is the ability of Chapter 13 debtors experiencing a “material financial hardship” as a result of the covid-19 pandemic to modify their plan to 84 months.i Many Chapter 13 Trustee’s are likely anticipating a . . . → Read More: Covid-19 and the 7 Year Plan

Bulletin: SBRA Postscript, the Definition of Income, and Changes to Section 1113(b)(1)(B) and (C)

BULLETIN

SMALL BUSINESS REORGANIZATION ACT POSTSCRIPT

CARES Act Passed by Senate Increases Eligibility to Small Business Debtors with Aggregate Debts Up to $7,500,000 And Other Changes

Early last Thursday morning, the Senate passed a substitute for H.R. 748, called the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”). The . . . → Read More: Bulletin: SBRA Postscript, the Definition of Income, and Changes to Section 1113(b)(1)(B) and (C)

New Fellows of American College of Bankruptcy

By William H. Brown, Editor and Advisor, Academy for Consumer Bankruptcy Education, Inc. (d/b/a ConsiderChapter13.org)

Members of the Academy and regular speakers at NACTT’s annual seminars were recently elected as Fellows of the American College of Bankruptcy, representing recognition by the College of the important contributions by those in the consumer bankruptcy system.

Newly . . . → Read More: New Fellows of American College of Bankruptcy

Evidentiary Issues Arising from Attempts to Prove Alleged “Facts” Stated in The Monster Mash

. . . → Read More: Evidentiary Issues Arising from Attempts to Prove Alleged “Facts” Stated in The Monster Mash

A Sappy Farewell to Jeff Kellner as the Dayton Chapter 13 Trustee

. . . → Read More: A Sappy Farewell to Jeff Kellner as the Dayton Chapter 13 Trustee

Kellner Retires

. . . → Read More: Kellner Retires

Johnson Retires

. . . → Read More: Johnson Retires

When $400 Emergency Pushes You Over the Edge

. . . → Read More: When $400 Emergency Pushes You Over the Edge