How Your Member’s Bankruptcy Filing
Affects Your Credit Union: Next Steps
TELEPHONE - WEBINAR - AUDIO/VISUAL CD ROM


Wednesday
April 28, 2010

12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Meet the Presenter

Elizabeth Fast, JD & CPA Spencer Fane Britt & Browne LLP

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This is the day that every credit union dreads – the day you receive notice that your member has filed bankruptcy.  Now what do you do?  This webinar explains the actions that your credit union must take to protect the credit union’s interests, and the actions that are prohibited.  We will examine the steps (and pitfalls) that credit unions should know regarding Chapters 7, 11 and 13 of the Bankruptcy Code.  This webinar will focus on the basics, but will also serve as a good refresher for those who are familiar with the bankruptcy process. 

HIGHLIGHTS042810cu.jpg

  • What does a bankruptcy notice look like and how should it be handled?
  • What is the automatic stay and what does it prohibit?
  • What happens at a Section 341 hearing?
  • When is the credit union required to file a proof of claim?
  • Are reaffirmation agreements a good idea?
  • What can the credit union do after the debtor is discharged?

 

WHO SHOULD ATTEND?

This informative session is designed for loan officers at all levels, loan operations personnel, deposit operations personnel, credit administration personnel, and others involved in the collection process.