Changes in Bankruptcy Laws: Implications for Homebuyer Programs
Contributing Organization(s): Neighborworks America
Author(s)/Creator(s): NeighborWorks America
Publishing Date: 2005-12-12
Issue Areas: Housing and Homelessness; ; Consumer Protection
Ownership/Rights Info: Copyright 2005 NeighborWorks® America.
File info: 127 pages; 163.8 KB file size
Changes in bankruptcy laws have two impacts on NeighborWorks organization and similar housing counseling agencies. First, clients in financial crisis seeking assistance may have more difficulty filing bankruptcy than under previous regulations. Second, the new law requires credit counseling and debtor education, services which some nonprofit organizations may decide to provide. Organizations need to understand the new provisions of the law to guide existing counseling programs, and should thoroughly analyze the requirements for providing counseling or education services before considering entering the bankruptcy counseling field.
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Intended Audience: Advocates; General Public; Legislators/Legislative Aids; Policy Professionals; Researchers
Type/Format: FactSheet; Policy Brief
Language code: English
Type/Format: FactSheet; Policy Brief
Language code: English
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