“We Are A Debt Relief Agency…”

Have you see advertisements for bankruptcy attorneys and seen this phrase?

Has a bankruptcy attorney ever said to you “sorry, we cannot advise you to incur debt because you’re seeking bankruptcy protection”?

Ever wonder why?  Well, wonder no more.  This morning, the Supreme Court of the United States issued its decision in the case of Milvatez, Gallop & Milavetz, P.A., et al. v. United States.  The high court has held that (1) attorneys who give bankruptcy assistance (as defined in the Bankruptcy Code) are debt relief agencies; (2) attorneys cannot advise clients to incur debt because they are filing bankruptcy.  The decision is 35 pages, and I’ll be reading through it this week.

Read the decision here.

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Related posts:

  1. Debt Relief Agencies… Part II
  2. A Headache on a Friday Afternoon
  3. The Peculiar Parallel of Debt Relief Agencies and Madonna
  4. High Income Debtor Gets Chapter 7 Relief
  5. The Morality of Seeking Debt Relief

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This entry was posted on Monday, March 8th, 2010 at 12:54 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 comment feed.
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One Response to ““We Are A Debt Relief Agency…””

  1. Law on Rice » Blog Archive » Early reactions to Milavetz around the blogospher says:
    March 9, 2010 at 8:15 am

    [...] for the McLeod Law Offices, they are probably too busy to read the opinion, at least until the weekend.  After all, if you haven’t heard, bankruptcy firms debt relief [...]

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