ADVISORY/Experts Available To Discuss Increase in Personal Bankruptcy Filings.Business Editors ADVISORY... --(BUSINESS WIRE)--Feb. 17, 2003 TOPIC: Increased consumer debt was a major factor contributing to the rise of personal bankruptcy filings, which reached a record 1.5 million last year, according to an article by USA TODAY. In 2002, personal bankruptcies accounted for 97.6% of all bankruptcy cases. Preliminary Federal Reserve data says consumer debt reached $1.7 trillion in 2002. The number of business bankruptcy filings decreased by 4%, despite the high-profile corporate bankruptcy filings. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Howard S. Dvorkin is a noted financial expert on consumer credit, personal financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , and tax strategies, as well as specializing in both private consumer debt law and IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. practices and procedures. He is the president and founder of Consolidated Credit Counseling Credit counseling (known in the United Kingdom as debt counselling) is a process offering education to consumers about how to avoid incurring debts that cannot be repaid. This process is actually more debt counseling than a function of credit education. Services, Inc., a leader in the non-profit debt-counseling arena. Consolidated has assisted thousands of individuals and families with life-altering credit, debt, and money management problems. Consolidated is dedicated to helping people prevent and solve financial difficulties through educational programs, personal debt counseling, and free nonpartisan information via the Internet. PR: Paul Carson Paul Carson is a doctor and a novelist. Born in 1949 Paul grew up in Newcastle, a seaside town on the east coast of Northern Ireland. He studied medicine in Trinity College, Dublin from 1969 to 1975, graduating with an honours degree in Paediatrics. , 954-370-8999, pcarson@boardroompr.com Michael Croxson is a recognized expert in the field of debt management. As president of Amerix Corp., Croxson is responsible for all facets of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets including revenue generation, direct consumer and business client services, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and organization development. Amerix is the leading service and technology provider to the credit counseling industry. As such, Croxson can speak knowledgeably about debt management and consumer debt trends. PR: LeeAnn Donnelly, 919-882-1954, ldonnelly@capstrat.com Jack Thompson's experience in the credit industry dates back more than 30 years. As the president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and Imperial Counties' preeminent consumer credit counseling agency, he is able to address a variety of credit and debt-related topics, including credit cards and report, bankruptcy, saving/spending, child and adult financial education. PR: Bridget Palitz, 619-291-1234, bridget@mcraeagency.com ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/ifmd/index.html. |
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