Finance:Assisted person
An assisted person has several meanings in law, referring generally to indigent people. Under Great Britain statutory law, one who is eligible for Legal aid.[1][2] It also refers to such a person under Scottish law.[3]
Under United States Bankruptcy law, it is also a person who applies to a debt relief agency.[4] A debt relief agency is "any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration, or who is a bankruptcy petition preparer" under 11 U.S.C. § 110. "The term 'assisted person' means any person whose debts consist primarily of consumer debts and the value of whose nonexempt property is less than $150,000." 11 U.S.C. § 101(3).[5] Debt relief agencies are subject to certain rules regarding information they must provide to an assisted person.[6][7][8]
External links
The American Bar Association has an article on this topic:ABA web site
References
- ↑ English legal web site
- ↑ Legal Aid Act
- ↑ private law firm site , citing Legal Aid (Scotland) Act 1986.
- ↑ 11 U.S.C. § 526 (a) Bankruptcy law site
- ↑ Bovitz & Spitzer - a “debt relief agency” web site.
- ↑ Bovitz & Spitzer site, citing 11 U.S.C. § 526(a)(1); 11 U.S.C. § 526(a)(2); 11 U.S.C. § 526(a)(3)(A); 11 U.S.C. § 526(a)(3)(B); and 11 U.S.C. § 526(a)(4).
- ↑ "The Bankruptcy Code requires a debt relief agency to provide the information set forth in 11 U.S.C. § 527," Id.
- ↑ See also [1][yes|permanent dead link|dead link}}][yes|permanent dead link|dead link}}][yes|permanent dead link|dead link}}][yes|permanent dead link|dead link}}][yes|permanent dead link|dead link}}] Library of Congress web site, quoting section 11 U.S.C. § 111.][yes|permanent dead link|dead link}}]
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