Released on: July 3, 2008, 8:28 am

Press Release Author: The Bankruptcy Law Offices of Mark S. Zuckerberg

Industry: Law

Press Release Summary: Indiana's largest personal bankruptcy attorney, Mark
Zuckerberg, was one of ONLY THREE bankruptcy attorneys nationwide to be invited to
Washington DC June 17 to participate in a Leadership Summit Meeting to brainstorm
solutions to the massive home foreclosure problem. Zuckerberg is sited as a
prominent national authority on bankruptcy reform and home foreclosure issues.

Press Release Body: INDIANAPOLIS - Indiana bankruptcy attorney Mark Zuckerberg, with
offices in Anderson, Bloomington, Columbus and Indianapolis, was quoted in the lead
story about our nation's massive mortgage foreclosure problem in the June 26 issue
of Business Week. The story sited the fact that there appears to be no end in site
to the large number of foreclosures, despite many efforts by the lending industry
and government agencies to curb the epidemic.



Business Week reported that Zuckerberg, after being one of only three bankruptcy
attorneys nationwide invited to participate in the June 17 Mortgage Coalition
Leadership Summit Meeting in Washington D.C., stated, "I met some very powerful
people in D.C., but the meeting itself was a complete waste of time."



Zuckerberg has seen a trend developing in the increase in bankruptcy filings in his
Indianapolis, Bloomington, Columbus, and Anderson offices. He was a featured guest
on National Public Radio's Weekend Edition on Sunday, March 23, where he stated,
"The increases we are currently seeing in bankruptcy filings in Indiana may in fact
be mirroring the economic trends of the nation."



Indiana ranks in the top-10 in the states with the highest number of foreclosures
per households. As of December, 2007, 2.9 million mortgage loans were past due
nationwide. It is anticipated that one in 33 current households will experience
foreclosure in the next two years. Currently, 250 homes are lost to foreclosure
every hour in the United States.



Zuckerberg said, "'We're just starting to see the trickledown effect of the subprime
disaster now affecting the carpenters, the roofers, the flooring installers and
others that have been hurt by the downturn in the housing industry. If we are just
seeing the tip of the iceberg with the economy and mortgage foreclosures, then we're
probably just seeing the tip of the iceberg with the increase in bankruptcy
filings."



Mark Zuckerberg has been a guest on NPR several times. In 2005 he was the only
personal bankruptcy attorney to face Iowa Senator Chuck Grassley in a live
nationwide debate on the issue of bankruptcy code reform. He has also been
interviewed as a national bankruptcy authority in stories in many prominent media
outlets across the country, including The New York Times, USA Today, Business Week,
People Magazine, ABC New, Nightline, CBS Sunday News, The Indianapolis Star,
Indianapolis Business Journal, National Public Radio, as well on many Central
Indiana radio and television news programs.



Web Site: http://www.zucklaw.com

Contact Details: Mark Zuckerberg
Bankruptcy Law Office, 333 N. Pennsylvania Street, Suite 100, Indianapolis, IN 46201

Phone: 317-687-0000
email: debtnomo@aol.com