New Release - Guide To The Bankruptcy Reform Act
For bankruptcy lawyers and other professionals, a roadmap to the practice of law under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
(PRWEB) July 12, 2005 -- Bankruptcy lawyers are scrambling to master the fine
points of the new, complicated reform legislation that becomes effective on
October 17 this year. The best way to avoid panic is to sort it all out well
ahead of its effective date.
Among other things, the Reform Act imposes
important added accountability on lawyers for the accuracy of the information
provided in the bankruptcy documents. And, it adds to the lawyer's tasks a
complex calculation to determine whether the debtor has enough disposable income
to be forced into chapter 13 - a court-approved repayment plan, instead of the
simpler chapter 7.
Morgan King's Guide to Practice takes the lawyer, by
the numbers, through the 500 plus pages of the Act, and provides a roadmap of 10
steps to handling a case under the Act.
King is best known for his
flagship book, Discharging Taxes In Bankruptcy, published by KingsPress and
distributed by BankruptcyBooks.com. Bankruptcy lawyers across the nation
consider that book the "bible" on discharging taxes. King speaks regularly on
this topic at the annual convention of the National Association of Consumer
Bankruptcy Attorneys, as well as many state bar and other professional
organizations of bankruptcy lawyers.
The newly published Guide to
Practice consists of 400 pages, including 5 flow-charts, 7 checklists, and 5
model disclosure statements, plus a CD containing the text of the Bankruptcy
Reform Act, the IRS Financial Collection standards required for the “means”
test, and the House Judiciary Committee Report on the
legislation.
October 17 is rushing at us! Are you prepared for a whole
new way of handling cases?
Get fast answers to questions like
these:
What are the new advertising restrictions? Page 72
What are the
5 new disclosure statements? Page 74
What are the 9 new documents that must
be filed? Page 78
What are the 22 new deadlines to calendar? Page 210
What
are the new lawyer accountability rules? Page 32
How do you do the means
test? Page 130
When is the means test not required? Page 125
When is the
automatic stay dissolved? page 227
How do you handle the initial client
interview? Page 86
And so much more!
How to handle new threshold
questions that must be answered to determine whether the client will be forced
into Chapter 13; how to do calculations under the “means” test; how does the Act
reduce or eliminate the super-discharge of Chapter 13? Are any debtors exempt
from some provisions of the Act? How are claims treated under the Act? What are
the “traps for the unwary”? What are the new accountability provisions that
affect lawyers? Debtors? How does the Reform Act impact the discharge of
taxes?
King's “roadmap” to handling cases . . . a step-by-step practical
guide to the important provisions of the Act.
PLUS a unique feature ...
the text will be constantly subject to peer review ... any reader may easily
submit suggestions, corrections or questions online at ReformGuide.com. The text
will be updated accordingly.
The book is available at ReformGuide.com or
BankruptcyBooks.com.
CONTACT: Morgan King, Editor
King Bankruptcy
Media
(925) 829-6460
www.ReformGuide.com
# # #
Source : http://www.prweb.com/releases/2005/7/prweb260297.htm