Contact: Andrew Rush
Director, Media Services & Public Affairs
arush@nysba.org
518/487-5530

May 13, 2008

BAR ASSOCIATION'S BUSINESS LAW SECTION MAKES $20,000 GIFT TO HELP THOSE STRUGGLING WITH FORECLOSURES

The 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 New York.

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 New York's legal profession, the justice system and its communities."

Nonprofit organizations in New Yorkare encouraged to apply for funding through The Foundation's grant application process. Grant applications are available online at www.tnybf.org. The next deadline for grant applications is October 15, 2008. Completed applications should be mailed to The New York Bar Foundation, One Elk Street , Albany , NY 12207.

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 New Yorkstate levels.

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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