On Oct. 17, landmark bankruptcy reform legislation takes effect that will help ensure debtors with the ability to repay at least a portion of their debts are required to do so when filing for bankruptcy. Building material dealers will see an immediate improvement in their ability to collect on customers' bad debts. NLBMDA and our member dealers worked for nearly 10 years to ensure this much needed reform became law. Member B. Harold Smick Jr. of I.S. Smick Lumber in New Jersey, a past NLBMDA chair and chairman of the bankruptcy reform subcommittee, represented NLBMDA at the White House ceremony in April where President George W. Bush signed the “Bankruptcy Abuse and Consumer Protection Act” into law. To learn more about how the new law will benefit your business, download our white paper fromwww.dealer.org. And plan to attend the NLBMDA/ProSales Industry Summit, Sept. 29–Oct. 1, where our Government Affairs Panel will explore ways to use the new law to your advantage. (See the ad on page 74 for more information on the NLBMDA/ProSales Industry Summit.)
The National Lumber and Building Material Dealers Association represents more than 8,000 lumber and building material companies with more than 500,000 employees, 20 state and regional associations, and the industry's leading manufacturers and service providers. NLBMDA's member companies are the suppliers of builders in every state across the U.S. www.dealer.org.
The opinions expressed in NLBMDA Briefings are that of NLBMDA and may not represent that of PROSALES.