Credit Counseling Industry Trade Association Announces Conference Program

The American Association of Debt Management Organizations (AADMO), the largest trade association for the credit counseling industry, has announced the program sessions for its Spring Conference in Washington, D.C. on May 10 and 11, 2007.

(PRWeb) April 2, 2007 -- The American Association of Debt Management Organizations (AADMO), the largest trade association for the credit counseling industry, has announced the program sessions for its Spring Conference in Washington, D.C. on May 10 and 11, 2007.

According to Mark Guimond, Executive Director of the AADMO, "We chose the theme "Surviving in the New World" because this is an important time for all credit counseling agencies to appreciate the changes they need to make to their business models to be successful in the future. The AADMO Spring Conference is essential education directed at the future of the entire industry."

"The expansion of the IRS audits by another 80, to a total of 163, brings the realization that the vast, vast majority of the entire industry will be scrutinized. The IRS has made their view of the law clear and credit counseling agencies need to know how to survive in the post-audit industry. Couple the audits with the looming effective date of H.R. 4 and there are significant changes that agencies must make to survive and be legally compliant. This means agencies have to understand exactly what it means to be a taxable non-profit, a for-profit, the new limits on fair-share as tax-exempt and the multitude of state law changes ", said Guimond.

Sessions will include:

l The IRS and Credit Counseling Agencies: 80 New Audits. New Tax Exemptions. What Does It All Mean?

Speaker:     Jeffrey Tenenbaum, Venable

l The Taxable Non-Profit: Pros & Cons

Speaker:     Mark Guimond, AADMO Executive Director & Jeffrey S. Tenenbaum, Esq., Partner, Venable LLP

l "Properly Operating" as a Tax Exempt Organization or Taxable Non-Profit - New Liability and Case Law Nightmares

Speaker: Brian Albritton, Esq., Partner Holland & Knight LLC

l International Credit Counseling

Speaker:     Consumer Credit Counseling Service, UK

l Who Went Bankrupt In 2006? A Demographic Analysis of Debtors

Speaker: Leslie Linfield, Esq., The Institute for Financial Literacy

l Effective Financial Literacy Delivery Methods

Speaker:     Jeanne Hogarth, Program Manager, Board of Governors of the Federal Reserve System

l EOUST Briefing on the Current Status of Bankruptcy Reform, Credit Counseling and Debtor Education

Speaker:     Executive Office for United States Trustees

The AADMO Spring Conference program and registration information can be found at www.AADMO.org or call AADMO at 281-361-2325.

AADMO is working diligently to ensure the continued operation and viability of credit counseling and debt management organizations. AADMO is the only trade association for credit counseling that provides important education and information for the entire industry.

ABOUT AADMO

AADMO is the largest trade association for the credit counseling and debt management industry. Nationwide, the majority of licensed and legally operating credit counseling agencies are members of AADMO.

AADMO members are consumer credit counseling agencies, debt management organizations, credit counselors, personal finance educators, credit and debt information educators, consumer lawyers and many others.

AADMO is the only trade association to have held state law compliance workshops with the New York State Banking Department and the California Department of Corporations upon enactment of their respective laws governing credit counseling and AADMO is the only trade association for the industry to publish a formal summary of state laws that has been reviewed by state regulators.

###