01, 06 07 18:32 Filed in: What's New
The Corporate Law Center of Fordham University School of Law in New York City recently conducted a roundtable discussion on the topic of the required pre-bankruptcy credit counseling. An invitation only event, Attorney Melchionne was the sole bankruptcy practitioner participating in the discussion which was also attended by representatives of the U.S. Department of Justice, the Federal Trade Commission, the Internal Revenue Service, the National Consumer Law Center, the Center for Responsible Lending, three credit counseling trade groups, several U.S. Bankruptcy Judges and numerous Ph.D's and Law School Professors. Moderated by Professor Susan Block-Lieb, the topics ranged from the effectiveness of pre-bankruptcy credit counseling, to issues of government regulation of credit counselors' behavior and whether the credit counseling industry was capable of self-regulation. Comments offered by Attorney Melchionne and others will form the basis of further research and law journal articles on the subject of consumer credit counseling.