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AFCPE Extension Pre-conference Bankruptcy Panel

AFCPE Extension Pre-conference Bankruptcy Panel. Dr. Bobbie Shaffett, Misissippi Dr. Celia Hayhoe, Virginia Dr. Sharon Seiling, Ohio Dr. Nancy Granovsky, Texas. Overview of Bankruptcy Issues Situation / history, current & projected States’ involvement / survey responses Cost / curriculum

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AFCPE Extension Pre-conference Bankruptcy Panel

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  1. AFCPE Extension Pre-conferenceBankruptcyPanel Dr. Bobbie Shaffett, Misissippi Dr. Celia Hayhoe, Virginia Dr. Sharon Seiling, Ohio Dr. Nancy Granovsky, Texas

  2. Overview of Bankruptcy Issues • Situation / history, current & projected • States’ involvement / survey responses • Cost / curriculum • Benefits, challenges and successes • Status of Extension Internet project

  3. Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) Affects filings AFTER October 17, 2005 BAPCPA requires: • Credit Counseling within 6 months BEFORE filing for bankruptcy • Debtor Education AFTER filing / before debts are discharged.

  4. BAPCPA (continued) • In-person, online or via telephone methods • Approved providers issue certificates http://www.usdoj.gov/ust/eo/bapcpa/ccde/docs/FTC_Consumer_AlertCC.pdf “Before You file for Personal Bankruptcy: Information about Credit Counseling and Debtor Education”

  5. Procedure for Approved Providers: • Application on web http://www.usdoj.gov/ust/eo/bapcpa/ccde/index.htm http://www.usdoj.gov/ust/eo/bapcpa/ccde/debtor_education.htm • Supplemental instructions for universities • Attachcourse lesson plan and instructional materials for curriculum approval • Attach fee schedule

  6. Debtor Course Requirements Budget Development Money Management Credit Use Consumer Information 2 hour minimum ID and case # Sign-in and out Evaluation

  7. Approved Provider Requirements: • Qualifications of teachers • Schedule of sessions • Disclosures • Certificates for specific date • Re-approval each year • Number of reduced fees or scholarships

  8. Extension Roles: • Debtor education • Cost recovery / revenue • Competition • Mega providers • Centralized phone / Internet systems • Niche – face to face – attorney relationships

  9. Issues: • Filings decline/rise • Older consumers • Counseling impact • Fee waivers • Inactive Agencies

  10. http://www.usdoj.gov/ust/eo/public_affairs/statistics/stats_state.htmhttp://www.usdoj.gov/ust/eo/public_affairs/statistics/stats_state.htm http://www.usdoj.gov/ust/eo/public_affairs/statistics/docs/state/filings/chap7_filings_by_state.pdf http://www.usdoj.gov/ust/eo/public_affairs/statistics/docs/state/filings/chap13_filings_by_state.pdf

  11. Top States Chap 7 • Michigan • Indiana • Nevada • Kentucky • Ohio • Colorado • Tennessee Top States all Filings • Tennessee • Georgia • Alabama • Nevada • Indiana • Michigan 10. Mississippi Per Capita June 2008

  12. State procedures: • Curriculum • Marketing / Recruiting participants • Cost / Fee collection • Administration / Register / Certificates • Teachers • Audience

  13. Please turn in Questionnaires for summarizing

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