You've heard bankruptcy filings are down, and overall they are---but only compared to the staggering numbers that were filed in the last three years. But nonbusiness filings in Utah in 2012 were still significantly higher than they were just a few short years ago--and we thought they were high then!
The fact is that bankruptcy filings continue to account for significant losses at most credit unions. But the good news is that having an informed and proactive staff a credit union can manage its caseload in a way that minimize losses. It's all about knowing when to fight and when to fold.
During the 2013 Bankruptcy Law and Strategies seminars, credit union attorney Eric North will bring participants up-to-date on the latest developments in bankruptcy law and will discuss practical ways your credit union can avoid losses. Topics will include---
- Recent important court decisions of importance to Utah credit unions
- Recent statistical information relating to Utah bankruptcy cases
- Effective use of 341 meetings: How to ask the right questions and how to get them answered
- Filing proofs of claim: When should you file? What must you include? What are common mistakes?
- Getting the most from your security interests in Chapter 7 cases: How to get reaffirmations (even without fighting "default upon bankruptcy" clauses). What to do when the debtor says he will surrender but doesn't.
- Getting the most from your security interests in Chapter 13 cases: How to avoid long periods of time without payment. How to avoid losing thousands of dollars because of low valuations.
Other topics may be discussed as well, depending on what's "hot" at the time the program is presented! Meanwhile, if there are any particular bankruptcy-related issues that you would like your credit union to learn about, send an email to Eric (firstname.lastname@example.org) and he will try to include it in the program!