Bankruptcy Reform - Section 228

Section 228: Disclosures (#1) 11 USC 527 (new)

    "A debt relief agency...shall provide...the following statement...:

    'The following information helps you understand what must be done in a routine
     bankruptcy case to help you evaluate how much service you need.  Although
     bankruptcy can be complex, many cases are routine.'

    '..(1) how to value assets at replacement value, determine current monthly 
     income, the amounts specified in section 707(b)(2) and, in a chapter 13 case,
     how to determine disposable income in accordance with section 707(b)(2) and
     related calculations;

     (2) how to complete the list of creditors, including how to determine what
     amount is owed and what address for the creditor should be shown; and

     (3) how to determine what property is exempt and how to value exempt 
     property at replacement value as defined in sction 506'

  This disclosure and the requirements it specifies are part of a list specifically made
  in section 110 that bankruptcy preparers CAN NOT engage in.  In other words, any
  preparer that provides the required assistance specified here is in violation of 
  Section 110.