Credit Counseling Industry’s Largest Trade Association Announces Fall
Conference Sessions
This conference is designed to help credit counseling agencies understand
all the changes and challenges occurring in the industry. There are
significant changes to the law in the states and with the federal
government, there are special requirements on providers of bankruptcy
counseling regardless of DMP activity, the IRS audits are near completion
and the Uniform Debt Management Services Act is being revised.
(PRWEB) September 12, 2007 — The American Association of Debt Management
Organizations (AADMO), the largest trade association for the credit
counseling industry, has announced the program sessions for its Fall
Conference in Austin, TX on October 22 and 23, 2007.
According to Mark Guimond, Executive Director of the AADMO, “This conference
is designed to help credit counseling agencies understand all the changes
and challenges occurring in the industry. There are significant changes to
the law in the states and with the federal government, there are special
requirements on providers of bankruptcy counseling regardless of DMP
activity, the IRS audits are near completion and the Uniform Debt Management
Services Act is being revised.”
“We have one session in particular that no one in credit counseling should
miss - it is the actual experience of one agency going through the audit and
revocation process. If you want to know the truth about the audit and
revocation experience, this is the only opportunity to hear first hand from
one of the front line veterans. You will learn directly from the top
executive of a credit counseling agency that had its 501(c)(3) tax-exempt
status revoked by the IRS what actually transpired and the identified
problem areas that led to revocation,” said Guimond.
“With 143 planned audits, so far, this is one conference everyone should
attend. It’s more important than ever to have timely and accurate
information about the audit process, the treatment or transfer of clients,
disposition of assets and other real challenges during and after revocation
proceedings,” added Guimond.
Sessions will include:
The Actual Experience of Audit and Revocation - One Credit Counseling Agency
Shares it All!
Leads and Referrals: Not the Same Old Ballgame
Speaker: Jeffrey Tenenbaum, Venable
“60/60 Plans” and Less Than Full Balance Payments - Understanding the
Applicable Laws
Speaker: Robby Birnbaum, Greenspoon Marder
Bankruptcy Reform: Value of Credit Counseling Requirement is Not Clear
Speaker: Jason Bromberg, U.S. Government Accountability Office
Credit Counseling Industry Legislative Update
Speaker: Mark Guimond, AADMO Executive Director
Valuing Account Portfolios - Results and Analysis of the Industry Survey
Speakers: Paul A. Baumann, Leslie Moreau
Credit Counseling, Debtor Education and Bankruptcy Reform at the 2 Year Mark
Speaker: Henry Hobbs, Executive Office for United States Trustees
143 Audits - Why This Exact Number is Significant
State Regulators
NCCUSL Uniform Debt Management Services Act - “Stand-By Committee”
Recommendations
The AADMO Fall Conference program and registration information can be found
at www.AADMO.org.
About AADMO:
AADMO is the largest trade association for the credit counseling and debt
management industry. Nationwide, the majority of licensed and legally
operating credit counseling agencies are members of AADMO.
AADMO is working diligently to ensure the continued operation and viability
of credit counseling and debt management organizations. AADMO provides
important education and information for the entire industry.
AADMO members are consumer credit counseling agencies, debt management
organizations, credit counselors, personal finance educators, credit and
debt information educators, consumer lawyers and many others.
AADMO is the only trade association to have held state law compliance
workshops with the New York State Banking Department and the California
Department of Corporations upon enactment of their respective laws governing
credit counseling. AADMO is also the only trade association for the industry
to publish a formal summary of state laws that has been reviewed by state
regulators.
Press Contact: MARK GUIMOND
Company Name: AADMO
Phone: 281-361-2325
Website: www.AADMO.org
