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Contact: Andrew Rush May 13, 2008 BAR ASSOCIATION’S BUSINESS LAW SECTION MAKES $20,000 GIFT TO HELP THOSE STRUGGLING WITH FORECLOSURESThe Gift Will Fund Law-Related Projects Aimed at Helping Consumers in Need The New York Bar Foundation has received a gift of
$20,000 from the Business Law Section of the New York State Bar
Association to provide grants to nonprofit organizations for programs
that assist consumers facing financial hardship due to actual or
potential foreclosures on their homes, personal bankruptcy, and related
matters. The Business Law Section Fund will provide grant awards to
nonprofit organizations in James W. Orband (Hinman Howard & Kattell, LLP, Binghamton), chair of the Business Law Section, said, “The officers and members of the Business Law Section are pleased to make this contribution to The New York Bar Foundation so that funding will be provided for programs assisting struggling consumers facing the difficult prospect of losing their homes or filing for bankruptcy. Consumers have a need to understand their legal rights and we anticipate that programs, funded through this gift, will avail them every opportunity to actively participate in the court process.” John R. Horan, president of The Foundation said,
“We are grateful to the Business Law Section for its generous
contribution to The New York Bar Foundation. Individuals and families,
overwhelmed by mounting financial pressures from foreclosures and
consumer debt, frequently do not know where to turn for help. The
Foundation anticipates that the nonprofit organizations awarded grants
from The Business Law Section Fund will bring much-needed support and
legal assistance to those seeking help during this crisis. The section
is acting in the finest tradition of the organized bar as we work
together to serve Nonprofit organizations
in The Business Law Section, with a membership of
approximately 4,500, is one of the largest sections of the New York
State Bar Association. Its members consist of attorneys whose practice
involves some aspect of commerce or finance although the focus of the
practice of the members is quite diverse – ranging from securities
to consumer finance. To accommodate this breadth of practice, the
section is composed of nine committees which offer the practitioner with
commercial clients’ information in such diverse areas as:
Bankruptcy, Banking, Corporations Law, Consumer Finance, Franchise
Distribution and Licensing, Derivatives and Structured Products,
Insurance, Securities Regulation and the constantly evolving area of
Information and Technology Law. The Business Law Section has been in the
forefront of introducing, monitoring and evaluating legal developments
in the areas of business and finance on both federal
and According to Horan, The New York Bar Foundation is dedicated to aiding charitable and educational projects to meet the law-related needs of the public and the legal profession. This year, the Foundation has awarded almost $300,000 in 35 grants to fund law-related programs and anticipates awarding additional grants in June. The work of The Foundation is made possible through the contributions of lawyers, law firms, corporations and others. Go to www.tnybf.org to make an online contribution to support the work of The Foundation. For further information about The New York Bar Foundation, contact Rosanne Van Heertum, director of development, at 518/487-5650 or rvanh@tnybf.org.
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