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
(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*
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
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)
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
. . . → Read More: Kellner Retires
. . . → Read More: Johnson Retires