Major Study to Show New Bankruptcy Law Not Working

as Intended by Congress, Harming Consumers

First Look at Impact on More Than 50,000 Consumers Under New Law

News Advisory for February 22, 2006

WASHINGTON, Feb. 20 /PRNewswire/ -- The first analysis to be conducted
of over 50,000 consumers referred to credit counseling agencies under
the controversial new federal bankruptcy law will show that the law is
not working as intended, according to the National Association of
Consumer Bankruptcy Attorneys (NACBA).

NACBA will hold a live, phone-based news event (with full, two-way
Q&A) to release the data findings showing that, in practice, the new
bankruptcy law is simply imposing harsh new burdens on consumers who,
in the vast majority of cases, have been forced into financial
difficulties by circumstances beyond their control. Sweeping new
changes to federal bankruptcy laws went into effect on October 17,
2005.

News event speakers will be:

* Brad Botes, executive director, National Association of Consumer

Bankruptcy Attorneys;

* John Rao, attorney, National Consumer Law Center; and

* A consumer who has experienced the new bankruptcy process firsthand.

TO PARTICIPATE: You can join the live, telephone-based news conference
(with full Q&A) by dialing 1-(800) 860-2442 by 1:30 p.m. ET/12:30 CT
on February 22, 2006. Ask for the "bankruptcy law study" news event.

CAN'T PARTICIPATE?: A streaming audio recording of the news event will
be available on the Web as of 6 p.m. ET/5 P.M. CT on February 22, 2006
at http://www.nacba.org.

Established in 1992, the National Association of Consumer Bankruptcy
Attorneys is the only organization dedicated to serving the interests
of consumer bankruptcy attorneys and protecting the rights of consumer
debtors in need of bankruptcy relief. The Association's twin missions
are to help consumer bankruptcy attorneys more effectively represent
their clients and ensure that the voices of consumer debtors and their
attorneys are heard in the halls of Congress, the Judiciary, and in
other arenas where consumer debtors are affected. SOURCE National
Association of Consumer Bankruptcy Attorneys (NACBA), Washington, D.C.