LexisNexis Addresses 2005 Bankruptcy Act with Updated Edition of Collier on Bankruptcy

With the extensive changes brought about by the recently enacted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the legal community, including business and consumer bankruptcy practitioners, is facing a great deal of uncertainty about the impact of this sweeping legislation. LexisNexis® U.S. is prepared to assist bankruptcy practitioners with the recent print and online release of Collier on Bankruptcy® as part of an exclusive collection of products that provides the most authoritative bankruptcy content in the legal profession.

Available exclusively through LexisNexis, a leading provider of legal, news and business information services, the updated collection of Collier products includes Collier on Bankruptcy, 15th Ed. Revised and Collier TopForm™ Bankruptcy Filing Program, Version 7.5.

Collier on Bankruptcy is the most authoritative and comprehensive bankruptcy treatise in the legal profession, cited by federal courts 18 times more often than the nearest competitor. Available in print, online and CD-ROM format, Collier on Bankruptcy includes analysis of the Bankruptcy Code, analysis of the Federal Rules of Bankruptcy Procedure, commercial and consumer bankruptcy forms, discussion of exemptions, analysis of bankruptcy taxation, and comprehensive primary law materials, such as legislative history and text of recent amendments. It is accessible online with enhanced navigational tools that allow for expandable tables of contents, linking to primary source materials and selective searching.

By providing the most well-known name in American bankruptcy law through Collier, LexisNexis is uniquely positioned to assist its customers in resolving the uncertainties that come with the recently enacted Bankruptcy Act. “By offering the Collier on Bankruptcy collection of products, LexisNexis is able to provide customers all of the bankruptcy resources they need, including cases, statutes, Collier analytical material, Code and Rules, bankruptcy filings, public records and news,” said Alan N. Resnick, Co-Editor-in-Chief of Collier on Bankruptcy.

Also available is Collier TopForm Bankruptcy Filing Program, a software program for Windows® that generates all of the forms required to complete bankruptcy filings – including e-filings – under Chapters 7, 11, 12 and 13 of the Bankruptcy Code on behalf of individual, joint, corporate and partnership debtors. Version 7.5 of Collier TopForm includes up-to-date content that reflects the new Act and includes Current Monthly Income and Means Test calculators which automate all possible computations, including integrated data extractions from various required Internal Revenue Service and Census Bureau tables. In addition, Collier TopForm provides the latest forms available as they evolve in all jurisdictions.

“Collier is the first place I look when I’m taking on a new research project, whether online or in print,” said Monica Kindt, associate attorney for Cohen, Todd, Kite & Stanford. “Collier gives me cases from all the different circuits. Plus, it’s a lot more informative than any other bankruptcy treatise source and always gives me the answers I’m looking for.”

With the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act, the legal profession is seeing the most sweeping changes in bankruptcy law in more than 25 years. It changes not only bankruptcy law but also how bankruptcy attorneys will advise clients and manage cases. While primary media focus has been on the effect of the law on consumers, there also are critical changes to Bankruptcy Code sections dealing specifically with business bankruptcies and international issues.

To assist customers in dealing with these new issues, LexisNexis undertook an unprecedented updating program for Collier on Bankruptcy, 15th Ed. as well as the other Collier products. For example, the initial update of Collier on Bankruptcy includes 50 new chapters and significant revisions to 100 existing chapters, all of which includes the interpretation, scholarly thinking, practice guidance and updated forms to insure that bankruptcy practitioners have the resources needed to advise clients and handle cases under the new Act with confidence.

“The 2005 Bankruptcy Act is not only extremely lengthy, but it is difficult to interpret as well. It could take years for case law to clarify some parts of the statute,” said Henry J. Sommer, Co-Editor-in-Chief of Collier on Bankruptcy. “As was true with the new Bankruptcy Code in 1978, the editors and authors of Collier on Bankruptcy have produced a comprehensive guide to assist practitioners through the early years of application of the 2005 Act.”