ABI Deputy Executive Director Felicia S. Turner talks with Carey Ebert, the current president of the National Association of Consumer Bankruptcy Attorneys (NACBA) and a partner with Ebert Law Offices, P.C. in Forth Worth, Texas. A consumer and small business bankruptcy practitioner for over 20 years, Carey discusses NACBA’s 2009 agenda as well as proposed changes to bankruptcy law being considered on Capitol Hill, including BAPCPA and current mortgage modification proposals.
Monthly Archive for February, 2009
ABI Executive Director Samuel J. Gerdano talks with Dr. Donald Morgan, Research Officer at the Federal Reserve Bank of New York, about the latter’s research arguing that BAPCPA shifted risk from credit card lenders to mortgage lenders, partially helping to trigger the surge in home foreclosures. The conclusions of Morgan and his colleagues echo earlier findings that the new law’s tougher requirements appear to have increased the number of people defaulting on their mortgages or walking away from their homes rather than seeking bankruptcy protection.