Attorneys are Debt Relief Agencies 03/17/2010
The U.S. Supreme Court recently ruled that attorneys are Debt Relief Agencies under the Bankruptcy Code. See Milavetz v. United States andUnited States v. Milavetz (08-1119 and 08-1225). This means that attorneys must adhere to certain requirements under the Code such as informing, in advertising, that they are debt relief agencies and help people file for relief under the Bankruptcy Code. The Court also ruled that attorneys may not advise a client to incur more debt because the client is filing bankruptcy but may do so for a legitimate purpose. Add Comment | AuthorGuy T. Conti is the blogger. He is the Managing Member Attorney of ContiLegal. ArchivesDecember 2011 CategoriesAll |