Nolo's Lawyer Directory will be traveling out to Tucson, AZ today for the winter conference of the National Association of Consumer Bankruptcy Attorneys (NACBA) winter conference. Approximately 600 of their more than 4,000 consumer focused attorneys nationwide will be attending this members-only desert workshop.
According to a recent report from Reuters, citing research from the American Bankruptcy Institute (ABI) and the National Bankruptcy Research Center (NBKRC), 135,913 consumer bankruptcies were filed during the month of October 2009, a substantial 27.9% increase over October 2008. 28.5% of all filings in October were Chapter 13, which allow debtors to keep some if not all of their assets as long as they agree to pay some of their income to creditors to lower the debt. The more common Chapter 7 filing usually wipes out any debt but also forces the debtor to relinquish any property that isn't exempt from seizure by their creditors. For more information about consumer bankruptcy, go to Nolo's Bankruptcy resource center.
Stay tuned for more information, highlights and updates from Tucson as Tom Foley and I set upon our desert odyssey!
