Search results
Results from the WOW.Com Content Network
The new legislation also requires that all individual debtors in either chapter 7 or chapter 13 complete an "instructional course concerning personal financial management." If a chapter 7 debtor does not complete the course, it constitutes grounds for denial of discharge pursuant to new . The financial management program is experimental and the ...
The Institute offer courses leading to the award of the Chartered Financial Manager (CFM) and the Chartered Fraud Controller (CFC) designations among other courses. In line with its global vision, the institute's courses are also being offered by colleges oversees. Membership awards. The CIPFM offers three categories of membership which include:
The Federal Rules of Bankruptcy Procedure (abbreviated Fed. R. Bankr. P. or FRBP) are a set of rules promulgated by the Supreme Court of the United States under the Rules Enabling Act, directing procedures in the United States bankruptcy courts. They are the bankruptcy law counterpart to the Federal Rules of Civil Procedure.
Some agencies also offer long-term financial health assistance and immediate debt management services, like free training and workshops that can help you improve your relationship with money. Pros ...
The American College of Bankruptcy is a professional organization for bankruptcy judges, lawyers, international fellows, and accountants in the United States. [1] The College is an Honorary public service association of United States and international insolvency professionals that funds projects that improve the quality of bankruptcy law and practice, provides grants for pro bono legal service ...
A chief restructuring officer (CRO) is a senior officer of a company given broad powers to renegotiate all aspects of a company's finances to deal with an impending bankruptcy or to restructure a company following a bankruptcy filing. The use of CROs, who usually have an expertise in the field of business in which the company operates, has been ...
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
If a Chapter 7 debtor does not complete the course, this constitutes grounds for denial of discharge pursuant to new §727(a)(11). [6] The financial management program is experimental and the effectiveness of the program is to be studied for 18 months. Theoretically, if the educational courses prove to be ineffective, the requirement may disappear.