Contact: John Hartgen
             703-894-5935
             [email protected]

ABI'S REAFFIRMATION AGREEMENTS IN CONSUMER BANKRUPTCY CASES UPDATED FOR RULE CHANGES, CUTTING-EDGE ISSUES IN CONSUMER FINANCE

August 2, 2010 Alexandria, Va. — The American Bankruptcy Institute has released Reaffirmation Agreements in Consumer Bankruptcy Cases, Second Edition, to provide consumer bankruptcy with an important updated resource addressing consumer debtors that want to reaffirm their debts. As the first edition of Reaffirmation Agreements addressed what to expect under BAPCPA, the Second Edition provides an expanded update of reaffirmation essentials, including the necessity, timing and content of reaffirmation agreements. In addition, it addresses cutting-edge issues such as loan modifications, post-discharge litigation and increased involvement by bankruptcy courts. Authored by Prof. Dan Austin of Northeastern University School of Law (Boston)and consumer attorneyDon Lassman (Needham, Mass.), Reaffirmation Agreements discusses the relevant Bankruptcy Code sections and addresses the December 2009 changes to the Federal Rules of Bankruptcy Procedure. It also includes reaffirmation statistics, a sample letter for creditors and a state-by-state comparison of enforcement of ipso facto provisions.

Members of the press interested in interviewing any of the authors should contact John Hartgen at 703-894-5935 or [email protected]. The softbound Reaffirmation Agreements in Consumer Bankruptcy Cases, Second Edition, is available for pre-order ($25 ABI members; $45 non-members) at ABI's Online Bookstore. Click here to order. http://www.abiworld.org/abistore.

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ABI is the largest multi-disciplinary, nonpartisan 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 12,600 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.