Wednesday, September 12, 2007
Credit Counseling Trade Association Fall Conference
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
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.
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
Sunday, September 09, 2007
Corporation Owners In Nevada Not Private
The State of Nevada has made a change in the privacy rules. State of Nevada still powerful in its pro-business stance. Those who have relied on bearer shares or other means to protect privacy may need to review corporate structure.
(PRWEB) July 7, 2007 -- Bowing to pressure from several courts, the IRS and other governmental agencies, the State of Nevada has announced that it will enact certain reforms that will balance its pro-business stance while curbing alleged abuse by suspected individuals and firms who have misused Nevada laws in order to hide assets and identities.
Scott Letourneau, CEO of Nevada Corporate Planners, nationally known expert on how to incorporate in Nevada as well across the country, has written and spoken often about the misapplication of Nevada law by those touting bearer shares and use of nominees to hide identities.
Quoting Letourneau from a recent seminar for entrepreneurs, "When it comes to protecting your hard earned assets you want every advantage possible." Letourneau also agrees with the Nevada Secretary of State in that it appears promises are often made to those who incorporate in the State of Nevada that there is a level of privacy for the owners of a corporation or LLC that will help them in case of a lawsuit and that if they get sued no one will find out who the owner of the corporation or LLC may be. While touted as a means to prevent them from being the target of frivolous lawsuits, there have been cases of fraudulent acts by the incorporators as well as the companies.
Based on his knowledge and experience, Mr. Letourneau has found that the challenge in the creation of rock solid asset protection plan should not rely solely on the illusory promise of privacy through the use of Bearer shares (which don't work) and nominees (which work to a certain degree). Rather, to quote Mr. Letourneau, 'If the whole plan is designed to prevent the discovery of your assets to fend off a lawsuit and the corporation or LLC lacks substance; there are no employees anywhere; and no business license, the plan is doomed to fail'. In short, there is no asset protection.
Due to the abuses, Nevada is banning the use of the bearer shares and taking other remedial action, all of which are aimed at reducing the fraudulent actions but maintaining the State of Nevada's Pro-Business stance. However, Nevada is still powerful in the protection of the corporate veil. Those who have relied on a scheme like bearer shares or other disallowed actions for privacy should investigate what changes are necessary under the new Nevada laws. To learn more about these changes or to find other valuable information, visit Nevada Corporate Planner's website at www.nvinc.com/research
If you would like more information about this topic, or to schedule an interview with Scott Letourneau, please call JoAnn Gould at 702-367-7373.
Press Contact: Scott Letourneau
Company Name: Nevada Corporate Planners
Wednesday, September 05, 2007
Web Site Owners and Bloggers Paid To Make More Money
Web Site Owners and Bloggers Paid To Make More Money
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The end date for this promotion has not been announced, but it is suggested that you sign up right away even if you are unable to add the code to your site or your blog today. Don't miss out on this great incentive to join a program that really needs no incentive.
Join Auction Ads Here
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