Bankruptcy Law Section

The Bankruptcy Law Section focuses on issues involving bankruptcy law. The section’s executive committee develops projects for its members ranging from legislative proposals to their annual two-day Bankruptcy Forum and associated social events.

Stites & Harbison PLLC
401 Commerce Street
Nashville, TN 37219
Immediate Past Chair
Anderson & Fugate
114 E Market St
Johnson City, TN 37604

ABA House Acts on Range of Issues

The ABA House of Delegates met Monday in Houston, adopting a number of resolutions, including: (1) calling for counsel to be appointed to unaccompanied minor immigrants and special training be provided to courts that hear their cases, (2) opposing stand-your-ground laws, (3) condemning foreclosure rescue fraud, (4) urging states to grant protective orders even though a victim and perpetrator have no established domestic relationship, (5) requiring a unanimous jury verdict before imposing the death penalty, (6) calling for open and transparent disclosure of execution protocols, (7) urging governments to adopt a presumption against the shackling of juveniles in court, and (8) urging law schools and bar associations to counsel young attorneys on student loan debt. The body considered but sponsors ultimately withdrew resolutions calling for federal regulation of paid tax preparers and stronger laws to protect the privacy of consumer data.

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Circuits Split on Definition of ‘Applicant’

In her Journal column this month, Kathryn Reed Edge makes a prediction: "As the financial crisis wanes and fewer banks are plagued by their borrowers’ credit problems, we in the business are seeing the federal banking agencies gear up for an energetic assault on consumer compliance violations." And adding to the confusion that many bank compliance officers have in interpreting the Equal Credit Opportunity Act, she writes that two judicial circuits, the 6th and the 8th, "have split on a seemingly simple issue of the definition of 'applicant' under the ECOA." She explains the important differences and advises readers of her column "Bank On It" to watch the U.S. Supreme Court for an answer.

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