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THE CONSUMER BANKRUPTCY LETTER |
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In This Issue:
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August 2 2004
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DISCHARGING TAXES MADE SIMPLE! - LAST DAY FOR EARLY ENROLLMENT Aug. 2
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REFORM DORMANT THIS WEEK
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TRUSTEE'S ATTORNEY'S FEES REDUCED
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TEENS HEADED FOR BANKRUPTCY, TOO?
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The last day to enroll for the early-bird fee of $645 is August 2. Enrollments after August 2 for a single attorney will be $695.
KING BANKRUPTCY ACADEMY SCHEDULES 3-DAY SEMINARS ON DISCHARGING TAXES - LAS VEGAS, SAN FRANCISCO & SAN ANTONIO
The first dates scheduled for the 5th annual Bankruptcy Academy program on discharging taxes in bankruptcy cases have been scheduled for
LAS VEGAS, Nevada, on Sept. 8, 9 and 10, 2004;
FISHERMAN'S WHARF, S. F., on October 27, 28 & 29, 2004,
SAN ANTONIO, Texas, January 27, 28 & 29, 2005.
Additional 2005 dates are pending for Atlanta, Georgia, and Boston, Mass.
Principal presenters will be; Morgan King, attorney and author of Discharging Taxes in Bankruptcy; Charles F. Rosen, former chief of the Los Angeles IRS office of Special Procedures (bankruptcy, insolvency); Eric M. Casper, formerly Senior Trial Attorney, Tax Division, U.S. Department of Justice - Washington, D.C.; and Robert N. Kolb, formerly with the IRS and recently the prevailing attorney for the debtor/taxpayer in two important appellate cases. Also appearing - enrolled agents Jerry Satterberg and Bobby Covic.
The 3-day seminar and workshop will be a thorough exploration of bankruptcy remedies for delinquent taxes and tax liens in consumer bankruptcy cases (chapter 7 and chapter 13), emphasizing practical handlng of tax discharge cases from A-to-Z.
CLE ACCREDITATION
Previous programs have qualified for CLE in all states for which CLE accreditation was requested. The Academy is applying for attorneys' CLE accreditation in all states for which CLE is mandatory.
CPE accreditation from the IRS for enrolled agents has been approved.
TUITION
Single attorney registration $645 until Aug. 2 (then $695)
Double attorney registration $995 (saves $400!)
Paralegal or other office staff $350
Enrolled agent or CPA $495
For more information about the Tax Discharge program, or to enroll, click on red below or call (925) 829-6460 west coast time.
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STUDENTS MAXING OUT CREDIT CARDS
According to the Customer Federation of America (Wash., D.C.) aggressive credit card marketing, lack of financial education, and peer pressure is causing increasing debt among teenagers and college students.
Over the last five years credit card marketing has shifted from young professionals to college freshmen and high school seniors. It is estimated that 80% of young people between 18 and 20 are cardholders, according to a George Mason University survey. The survey also found that about 60% of those have "maxed the out" during their freshman year.
SOURCE: Workout Wire (NationalMortgageNews.com)
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FAIR CREDIT REPORTING ACT: FAILING TO COMPLY CAN BE COSTLY
In a recent consent decree, Imperial Palace, Inc. agreed to pay $325,000 in civil penalties to settle alleged Fair Credit Reporting Act (FCRA) violations brought against two of its casinos by the Federal Trade Commission (FTC). The consent decree also included a permanent injunction that enjoins Imperial Palace from failing to provide the required notices regarding adverse actions under the FCRA.
SOURCE: by Lisa Stephanian Burton, Martindale.com
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U.S TRUSTEE CITES “BANKRUPTCY MILL” ABUSE
The U.S. Trustee Program says bankruptcy mills are an increasing problem. The program filed 243 actions in fiscal year 2002 for attorney misconduct, up 62% from the year before. Actions against bankruptcy petition preparers rose 43%, to 1,150.
Among the cases:
* A bankruptcy-petition preparer in Woodland Hills, Calif., advertised $99 bankruptcies, only to use high-pressure sales tactics on low-income elderly and disabled clients to boost the fee to $650.
* A bankruptcy-petition preparer in Alexandria, Va., called himself a “foreclosure specialist” and charged up to $3,500 for his services, which included trying to buy clients’ homes at below-market prices and then renting the properties back to them.
* An Oklahoma City attorney repeatedly failed to show up for bankruptcy hearings, in one case forcing a disabled client to make a 280-mile journey to attend a rescheduled meeting.
* A Denver attorney in at least five cases redeemed his clients’ property from foreclosure proceedings, reselling each time for profits of up to $50,000.
* In Los Angeles, the U.S. Trustee last year forced attorney Claudia Phillips to sell her practice as part of a settlement agreement after she repeatedly failed to meet with clients or represent them adequately in court. Court papers said Phillips allowed others to forge her signature and those of her clients on documents, adding that Phillips’ husband, Kenneth, who was not a lawyer, actually ran the practice and offered legal advice.
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A famous art collector - Rooker Feldman - is walking through the city when he notices a mangy cat lapping milk from a saucer in the doorway of a store. He does a double take.
He knows that the saucer is extremely old and very valuable, so he walks casually into the store and offers to buy the cat for two dollars.
The storeowner replies, "I'm sorry, but the cat isn't for sale."
Feldman says, "Please, I need a hungry cat around the house to catch mice. I'll pay you 20 dollars for that cat."
And the owner says "Sold," and hands over the cat.
Feldman continues, "Hey, for the twenty bucks I wonder if you could throw in that old saucer. The cat's used to it and it'll save me from having to get a dish."
The owner says, "Sorry buddy, but that's my lucky saucer. So far this week I've sold sixty-eight cats."
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PUBLISHED BY KING BANKRUPTCY MEDIA FOR BANKRUPTCY PROFESSIONALS 7080 Donlon Way Suite 222 Dublin California 94568 (925) 829-6460
© King Bankruptcy Media 2004 CONTACT US AT editor@bankruptcymedia.com
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