Banking & Finance  March 31, 2006

Counseling agency bears brunt of new bankruptcy law

Depending on whom you ask, last October’s overhaul of the federal bankruptcy law may or may not be having its intended effect of keeping deadbeats from shirking debt.

There’s no argument that it’s having the intended effect on people like Sara Allen.

Allen, executive director of the Consumer Credit counseling Service of Northern Colorado and Southeast Wyoming, confirmed activity at her office has soared over the five months since the law changed.

One requirement of the new bankruptcy law calls for those contemplating seeking protection to undergo credit counseling before filing – a task for which Consumer Credit Counseling is the only authorized…

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