Experts Available to Discuss President Bush Signs Bankruptcy Law.ExpertSource:
TOPIC: President Bush signed a rewrite of the bankruptcy law Wednesday, which will make it more difficult for Americans to clear their debt by filing for bankruptcy, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. an article by The Associated Press Associated Press: see news agency.
Associated Press (AP)
Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. . Under the new law, people who receive an income above their state's median income will need to participate in repayment plans. Many bankruptcy lawyers are anticipating a rush on bankruptcy filings, as the law will go into effect in six months.
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.
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 preserving and improving 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. Professor Gross is also an expert on financial management education and consumer credit counseling.
David M. Levine, of Tew Cardenas, has represented a wide range of clients in major and complex loan and business workouts, business and bankruptcy reorganizations and Securities and Exchange Commission enforcement proceedings. His clients have included creditors, committees of creditors, including banks and other lending institutions, equity receivers, trustees, debtors and acquiring entities. Mr. Levine has been lead insolvency counsel for committees of creditors, creditors, Chapter 11 debtors and bankruptcy trustees in many major cases. Levine has represented various banks and lending institutions in the enforcement and workout of loans in both non-bankruptcy and 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 .
Dianne L. Wilkman brings a wealth of knowledge and experience to her position as 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 Springboard, Non Profit Consumer Credit Management, formerly Consumer Credit Counseling Service of Inland Empire. Wilkman participates in numerous regional and national associations. She is a member of the California Reinvestment Committee, the Inland Empire Bankruptcy Forum, the Orange County Bankruptcy Forum, the San Diego Bankruptcy Forum and is chairman for the Education Committee of the Association of Independent Consumer Credit Counseling Agencies. Springboard's mission is to deliver professional personal finance education, confidential financial counseling, and debt resolution programs in order to strengthen our communities through loss reduction. Springboard is approved by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. , State Franchise Tax Board, and State Board of Equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. to offer workout plans on taxpayer debts and, as a HUD-approved housing counseling agency, Springboard is dedicated to increasing and maintaining home ownership as a part of its overall mission.
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