ADVISORY/Experts Available to Discuss Bankruptcy Overhaul Bill.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: In an 18-11 vote, the House Judiciary Committee approved legislation Wednesday that will make it more difficult to dissolve their debts in bankruptcy court, according to an article by The Associated Press. The Administrative Office of the U.S. Courts released data last month stating that in 2002 bankruptcy filings totaled 1,577,651, up from 1,492,129 in 2001, the article says. Those who support the legislation say it will stop people who can afford to pay their debt from abusing the bankruptcy system. Those who oppose the legislation say it removes a financial safety net for low-income working people who have lost their jobs. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Professor Karen Gross, of New York Law School History New York Law School is one of the oldest independent law schools in the United States. The Law School was founded in 1891 by a group of faculty, students, and alumni of Columbia Law School led by their founding dean, Theodore William Dwight, a prominent figure in the , has testified on several occasions before the National Bankruptcy Review Commission and Congress on bankruptcy issues. She has also spoken publicly about and authored books on bankruptcy, repairing credit reports and credit scores, realizing the true cost of minimum payments and compounding interest, protecting consumer privacy, and understanding legal rights when it comes to debt collection. Most recently, she authored Failure and Forgiveness: Rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting the Bankruptcy System (Yale University Press, 1997), which won the Association of American Publishers (body, publication) Association of American Publishers - (AAP) A group engaged in standardisation efforts in document preparation. 1997 Business Management. Professor Gross teaches bankruptcy, corporate reorganization, financial advocacy, and contracts. She also conducts empirical and historical research on these topics. Professor Gross advocates to preserve and improve the United States bankruptcy system as a safety net, serving as President of the Coalition for Consumer Bankruptcy Debtor Education, an award-winning pro bono Short for pro bono publico [Latin, For the public good]. The designation given to the free legal work done by an attorney for indigent clients and religious, charitable, and other nonprofit entities. organization she co-founded, and as Director of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Law School's Economic Literacy Consortium. 212-431-2154, kgross@nyls.edu; PR: Jim Hellegaard, 212-431-2191, jhellegaard@nyls.edu 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 Consumer Credit Counseling Service of San Diego, 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 Joseph Baldiga is a partner at Mirick O'Connell where he is the lead attorney for the firm's Creditors' Rights and Bankruptcy Group. He has extensive experience in the areas of creditor and debtor rights, bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party , out-of-court loan restructurings and the purchase and sale of distressed businesses. Mr. Baldiga has extensive litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. experience and has practiced in bankruptcy courts throughout the United States. He has represented debtors, creditors, official and unofficial creditors' committees, trustees and receivers in all types of bankruptcy and insolvency proceedings. He has also represented petitioning creditors on numerous occasions in successfully commencing involuntary bankruptcy involuntary bankruptcy Bankruptcy that is forced by creditors instead of being initiated by the firm or individual. Compare voluntary bankruptcy. See also Chapter 7, Chapter 11. proceedings against recalcitrant debtors. PR: Gena (Generalized Event Notification Architecture) A method for communicating events over the Web. It is an architecture for transmitting notifications between HTTP resources such as buddy lists, distribution lists and print jobs. Beach, 508-303-6666, gbeach@conoverandcompany.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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