Friday, December 29, 2006

New Bankruptcy Law Makes Credit Counselors Lose Money

From Credit Slips Blog:

The big news is the funding deficit the agencies report from providing bankruptcy-related counseling. Waivers of fees were given in about 15% of cases, and apparently even when fees are collected for pre-filing counseling, the agencies report a shortfall of about $12 in providing each session.

Yeah, but will they lobby Congress to repeal the new law? Probably not.

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