Letter to the Editor
The article "Planning for Change: Credit Counseling at the Threshold of Bankruptcy" (last month's ABI Journal) by Gordon Bermant and Ed Flynn of the EOUST elevates the dialogue about credit counseling agencies and their place in a new world of bankruptcy reform to a
High-debt Debtors
Each year since 1998, the Executive Office for U.S. Trustees (EOUST) has collected 2,000 randomly selected chapter 7 no-asset cases from across the country. All of these cases were filed, processed and closed as non-business consumer cases. Data extracted from the
The Human Side of Bankruptcy
First and foremost, bankruptcy is about people—people who have problems. They look to their lawyers and to the court for a solution to those problems. More than 95 percent of all bankruptcy cases involve consumers, not businesses or corporations. Generally, these people