The Certified Financial Planner Board of Standards released the names of two CFP mark holders who have declared personal bankruptcy within the last five years.
Diane D. Thornton of Houston declared bankruptcy in November 2015, and Frederick E. Powell of Phoenix declared bankruptcy in April 2016, the CFP Board said Thursday. The names are released by the board once a bankruptcy court has ruled on the case.
The CFP Board verifies when a CFP professional has filed a petition for bankruptcy and discloses the bankruptcy on the CFP professional’s public profile, which is available through the search functions on CFP Board’s website. The board also shares the information with consumers and other stakeholders who contact the CFP Board. The information remains on CFP Board’s website for about 10 years.