(PRWEB) July 12, 2005
Bankruptcy lawyers are scrambling to master the fine points of the new, complicated reform legislation that becomes effective on October 17 this year. The best way to avoid panic is to sort it all out well ahead of its effective date.
Among other things, the Reform Act imposes important added accountability on lawyers for the accuracy of the information provided in the bankruptcy documents. And, it adds to the lawyer's tasks a complex calculation to determine whether the debtor has enough disposable income to be forced into chapter 13 - a court-approved repayment plan, instead of the simpler chapter 7.
Morgan King's Guide to Practice takes the lawyer, by the numbers, through the 500 plus pages of the Act, and provides a roadmap of 10 steps to handling a case under the Act.
King is best known for his flagship book, Discharging Taxes In Bankruptcy, published by KingsPress and distributed by BankruptcyBooks.com. Bankruptcy lawyers across the nation consider that book the "bible" on discharging taxes. King speaks regularly on this topic at the annual convention of the National Association of Consumer Bankruptcy Attorneys, as well as many state bar and other professional organizations of bankruptcy lawyers.
The newly published Guide to Practice consists of 400 pages, including 5 flow-charts, 7 checklists, and 5 model disclosure statements, plus a CD containing the text of the Bankruptcy Reform Act, the IRS Financial Collection standards required for the ÂmeansÂ test, and the House Judiciary Committee Report on the legislation.
October 17 is rushing at us! Are you prepared for a whole new way of handling cases?
Get fast answers to questions like these:
What are the new advertising restrictions? Page 72
What are the 5 new disclosure statements? Page 74
What are the 9 new documents that must be filed? Page 78
What are the 22 new deadlines to calendar? Page 210
What are the new lawyer accountability rules? Page 32
How do you do the means test? Page 130
When is the means test not required? Page 125
When is the automatic stay dissolved? page 227
How do you handle the initial client interview? Page 86
And so much more!
How to handle new threshold questions that must be answered to determine whether the client will be forced into Chapter 13; how to do calculations under the ÂmeansÂ test; how does the Act reduce or eliminate the super-discharge of Chapter 13? Are any debtors exempt from some provisions of the Act? How are claims treated under the Act? What are the Âtraps for the unwaryÂ? What are the new accountability provisions that affect lawyers? Debtors? How does the Reform Act impact the discharge of taxes?
King's ÂroadmapÂ to handling cases . . . a step-by-step practical guide to the important provisions of the Act.
PLUS a unique feature ... the text will be constantly subject to peer review ... any reader may easily submit suggestions, corrections or questions online at ReformGuide.com. The text will be updated accordingly.
The book is available at ReformGuide.com or BankruptcyBooks.com.
CONTACT: Morgan King, Editor
King Bankruptcy Media