[NEWS] Lawyers are challenging a requirement in the new bankrupcty law that says they must advertise themselves as "debt relief agencies." Bankruptcy Attorneys Fight for Status, National Law Journal, Feb. 23, 2006.
The statutory definition is 11 USC § 101:
(12A) The term "debt relief agency" means any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration, or who is a bankruptcy petition preparer under section 110 [11 USCS § 110], but does not include--Sound like lawyers?
[(A) employees of the agency; (B) nonprofits; (C) creditors; (D) banks and credit unions; (E) authors, publishers, etc.]
The advertising restrictions are in 11 USC § 528.
One of the lawyers mentioned in the article is Jay S. Jump, of the Jump Law Group in Seattle. The firm's website currently states: "Proudly Designated as a Debt Relief Agency in the Eastern District and Western District of Washington by authority of the Congress of the United States and President George W. Bush."
Categories: bankruptcy, practice-of-law, news, legislation
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