ABI’s New Online Consumer Education Center Prepares Public for New Bankruptcy Law

August 31, 2005, Alexandria, Va. – U.S. bankruptcy law will change dramatically on Oct. 17, and the American Bankruptcy Institute, the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency, has updated its free, easy-to-use Consumer Education Center Website (http://www.abiworld.org/Template.cfm?Section=Consumer_Education_Center) to help consumers navigate their way through the new law.

Designed to reduce the number of bankruptcies filed in the United States, the new law contains a host of new rules, regulations and restrictions that consumers will need to know in order to make the best decisions about their financial future.

The user-friendly Consumer Education Center Website contains information critical to the decision-making process for consumers considering bankruptcy, including:

• “Should I File for Bankruptcy?” – complete with a “consumer bankruptcy checklist” of important considerations,
• Comprehensive bankruptcy FAQs that take the consumer from the decision-making process all the way through exiting bankruptcy,
• Links to pertinent resources, including major credit counseling organizations and a host of “financial literacy” sources,
• A directory of certified bankruptcy attorneys , and
• An ABI-produced video program, “Taking Charge of your Finances,” on the basics of household budgeting and bankruptcy options.

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ABI is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 11,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abiworld.org/conferences.html