Saturday, August 27, 2005

BANKLA Conference, so far

A few items of note so far:

-The proposed interim forms, at least for the means testing, are stil in a state of flux. The ones I reported the link to before are now outdated. As these forms are worked with and developed they are rapidly being changed to try to make them as accurate as possible prior to implimentation. They cannot, no matter how much human effort goes into it, take into account all possible permutations and individual circumstances (they are only forms).

-There is no excuse nor any replacement for reading the code!

-Debtor attorney's, or rather, Debt Relief Agencies, may have to have potential clients sign some sort of consultation contract prior to consulting. This one requires some more investigation, just doesn't seem to make a whole lot of sense.

-Financial Education, required for chapter 7 and 13 debtors to receive their discharge, may also be required for individual chapter 11 clients who's debts are primarily consumer debts.

...more updates to come later


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