Credit Counseling Industry's Largest Trade Association Announces Fall Conference Sessions

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This conference is designed to help credit counseling agencies understand all the changes and challenges occurring in the industry. There are significant changes to the law in the states and with the federal government, there are special requirements on providers of bankruptcy counseling regardless of DMP activity, the IRS audits are near completion and the Uniform Debt Management Services Act is being revised.

The American Association of Debt Management Organizations (AADMO), the largest trade association for the credit counseling industry, has announced the program sessions for its Fall Conference in Austin, TX on October 22 and 23, 2007.

According to Mark Guimond, Executive Director of the AADMO, "This conference is designed to help credit counseling agencies understand all the changes and challenges occurring in the industry. There are significant changes to the law in the states and with the federal government, there are special requirements on providers of bankruptcy counseling regardless of DMP activity, the IRS audits are near completion and the Uniform Debt Management Services Act is being revised."

"We have one session in particular that no one in credit counseling should miss - it is the actual experience of one agency going through the audit and revocation process. If you want to know the truth about the audit and revocation experience, this is the only opportunity to hear first hand from one of the front line veterans. You will learn directly from the top executive of a credit counseling agency that had its 501(c)(3) tax-exempt status revoked by the IRS what actually transpired and the identified problem areas that led to revocation," said Guimond.

"With 143 planned audits, so far, this is one conference everyone should attend. It's more important than ever to have timely and accurate information about the audit process, the treatment or transfer of clients, disposition of assets and other real challenges during and after revocation proceedings," added Guimond.

Sessions will include:

The Actual Experience of Audit and Revocation - One Credit Counseling Agency Shares it All!

Leads and Referrals: Not the Same Old Ballgame
Speaker: Jeffrey Tenenbaum, Venable

"60/60 Plans" and Less Than Full Balance Payments - Understanding the Applicable Laws
Speaker: Robby Birnbaum, Greenspoon Marder

Bankruptcy Reform: Value of Credit Counseling Requirement is Not Clear
Speaker: Jason Bromberg, U.S. Government Accountability Office

Credit Counseling Industry Legislative Update
Speaker: Mark Guimond, AADMO Executive Director

Valuing Account Portfolios - Results and Analysis of the Industry Survey
Speakers: Paul A. Baumann, Leslie Moreau

Credit Counseling, Debtor Education and Bankruptcy Reform at the 2 Year Mark
Speaker: Henry Hobbs, Executive Office for United States Trustees

143 Audits - Why This Exact Number is Significant

State Regulators

NCCUSL Uniform Debt Management Services Act - "Stand-By Committee" Recommendations

The AADMO Fall Conference program and registration information can be found at http://www.AADMO.org.

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

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. AADMO is also the only trade association for the industry to publish a formal summary of state laws that has been reviewed by state regulators.

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MARK GUIMOND
AADMO
281-361-2325
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