The Influence of Bankruptcy on Collections
Navigating the often complicated rules of bankruptcy law can be a daunting task if you do not have any experience in that area to guide you.
This topic aims to help the person responsible for collections or special asset management or their legal counsel to understand generally how the bankruptcy system operates. This information offers practical insight into some of the specific legal issues which typically arise and have to address the same. It explains the differences among the varying bankruptcy chapters and what you can do to best protect your business' interests. This topic is critical for presidents/CEOs/managers, loan officers, credit committee members/volunteers, collection officers, compliance officers, and attorneys who want to minimize their business' exposure to bankruptcy losses. Knowing your rights as a creditor in the context of a bankruptcy filing is of the utmost importance and this material will provide you with the necessary foundation to assess a bankruptcy filing.
- You will be able to discuss the impact of the automatic stay in bankruptcy on your business or your client's business.
- You will be able to explain the differences between the bankruptcy chapters and how they impact your business or your client's business.
- You will be able to identify grounds for potential objection to discharge of claim in bankruptcy.
- You will be able to review a bankruptcy plan and determine how it will impact your business.