Consumer bankruptcies are becoming more complicated and there are new bankruptcy forms that financial institutions must file. By attending this program, you will gain the knowledge necessary to strengthen your financial institution’s position in Chapter 7 and 13 consumer bankruptcy situations. The actions your financial institution must take to protect its interests – and the actions that are prohibited – will be detailed. In addition, this webinar will address more-advanced bankruptcy concepts, such as exempt property, fraudulent transfers, preference payments, when a cram down is permitted, when a reaffirmation agreement is required, and when the new bankruptcy forms must be filed.
- When can the right of setoff be exercised in a bankruptcy?
- Are reaffirmation agreements a good idea?
- What can be done after the debtor is discharged?
- What should be done if the trustee claims a preference payment was made to the credit union?
- When must previously-repossessed collateral be returned?
- Can a debtor voluntarily agree to pay a financial institution outside of the Chapter 13 plan?
- TAKE-AWAY TOOLKIT
- Website links to the official site of the United States Bankruptcy Court to obtain forms that can be completed online
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will be useful to loan officers at all levels, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the collection process.
ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
Lending Council members receive a 10% discount
|Over $75 million
|$7 - 75 million
|Under $7 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $7M, 50% for credit unions between $7-$75M and 25% for credit unions over $75M.
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.