Press Releases
NACBA issues periodic press releases providing information about its activities and commentary about news events affecting the practice of consumer and small business bankruptcy. If you are interested in receiving notification when these releases are issued, you are welcome to sign up for our Media Alert Service
Press Releases
3 Consumer Groups Call For Congress To Fix Bankruptcy Laws
WASHINGTON, D.C. – April 12, 2007 -- Bankruptcy law changes are needed if hundreds of thousands of American families struggling with abusive subprime mortgages are going to escape foreclosure and the loss of up to $164 billion in home-based wealth, according to a joint call for Congressional action issued today by the National Association of Consumer Bankruptcy Attorneys (NACBA), the Consumer Federation of America (CFA) and the Center for Responsible Lending (CRL) …
Files:
Press:
•
Groups say bankruptcy reform needed to protect subprime borrowers amid U.S. housing slump
•
Consumer groups call for bankruptcy fix
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Groups urge bankruptcy changes for home loans
•
Bankruptcy Laws Hurting Subprime Borrowers?
•
Consumer Groups: Fix Bankruptcy Laws So Hundreds of Thousands of Americans Can Avoid Home Foreclosures in Subprime Mortgage Crisis
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'Tsunami' of foreclosures called imminent
Survey: Bankruptcy Filings On The Rise Again, Likely To Return To Pre-2005 Law Levels During Next Year
NACBA Surveys 700 U.S. Bankruptcy Attorneys on Eve of October 17, 2006 Anniversary of Controversial Law Change; Over Nine Out of 10 Say Law Has "Simply Increased the Costs of Bankruptcy," With No Benefits.
To view the full survey results, click here.
Read the Press Release
Listen to the 10/04/06 News Conference (.wma)
Press coverage:
• Lawyers group knocks bankruptcy law - U.S. bankruptcy lawyers say creditor protection filings are on the increase, even after relevant federal laws were overhauled.
• Bankruptcy reforms called a failure - Attorneys say changes hurting those in need.
• Consumer bankruptcies on the rise - Year after new rules, numbers of filings beginning to grow.
• New bankruptcy law criticized - Members of the National Association of Consumer Bankruptcy Attorneys believe the bankruptcy law overhaul has made the process more costly and complex, without making it more effective.
• Bankruptcy Returns - Rising interest rates and declining house prices may likely push consumer bankruptcy filings to pre-reform levels by 2007.
September 9, 2006: Court: Credit Card Companies Put Ahead Of Church
Tithing By Controversial 2005 Bankruptcy Reform Law.
Files:
Press coverage:
• No
place for church in state of bankruptcy
• NY court ruling:
Pay debts before tithing
• Court
Says Tithing Not an Option for the Bankrupt
• Tithing
and bankruptcy
• Bankruptcy
law forbids tithing, charitable donations
• The
tithe that binds
• Legislation
Puts Visa, MasterCard Before God
• Bill would shield
tithing from bankruptcy
• Bill
aims to protect post-bankruptcy tithing
• Rendering to God and creditors
July 13, 2006 - NACBA Urges Free Initial Consultations
With Consumers To Keep Bankruptcy Available, Joins CFA In Opposing
4th Bankruptcy Filing Fee Hike In Less Than A Year
New Jump in Fees Now Before Congress Would Mean a
Doubling in Filing Costs in Under 12 Months; Congress Urged to Reallocate
Existing Funds to Get Additional Money to Trustees.
Files:
Press coverage:
• Costly
relief
• The
price of going broke may be going up
• Congress
may sock bankruptcy filers with higher fee
• 4th
boost sought for bankruptcy filing fee
• Bankruptcy
could grow less affordable
• Bankruptcy may soon
be unaffordable
May 11, 2006 - NACBA Files Suit to Have Provisions of New Law Held
Unconstitutional
NACBA, along with the Connecticut Bar Association,
has filed suit in the Connecticut federal court to have the "debt
relief agency" provisions of the new bankruptcy law held unconstitutional
if they are applied to attorneys. The suit seeks a preliminary injunction
prohibiting their application to attorneys, including all NACBA
members.
Files:
February 22, 2006 -REPORT: BANKRUPTCY "REFORMS" FAILING
What top credit counseling agencies are telling NACBA
about their first 60,000 customers under the new law.
Links:
Read the 2/22/06 news release.
Files:
January 5, 2005,
New Officers Lead National Association of Bankruptcy Attorneys
into Future
December 3, 2004,
New Bankruptcy Statistics Show Aggressive Lending Practices
Lead to Continued High Levels of Bankruptcy Filings
October 18, 2004,
NACBA Announces New Web-based Tools to Support Advocacy Efforts
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