Bankruptcy Essentials

RELEASE DATE: JUNE 23, 2025
ANTICIPATED DURATION: 60 MINUTES

Bankruptcy filings among credit union members remain unexpectedly high, presenting unique challenges across every department—from the teller line to collections. To stay ahead, your credit union must be prepared to navigate the complexities of each filing with confidence.  Don’t risk missed collection opportunities or fall victim to costly traps set by experienced bankruptcy attorneys. With the right training and a proactive approach, you can mitigate risks, safeguard compliance, and recover more from bankrupt accounts.  This session will equip you with a thorough understanding of the bankruptcy process, focusing on practical strategies to maximize recoveries while avoiding compliance pitfalls.

SUBJECT MATTER EXPERT

Attorney, author, consultant and nationally recognized trainer, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC.  Through Reed and Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. In addition to his legal expertise, Mr. Reed is a Certified Fraud Examiner and Chairman of a Supervisory Committee. A former trial attorney and Vice President and General Counsel of Apple Federal Credit Union, Mr. Reed is particularly noted in the areas of credit union operations, governance, security, bankruptcy and collections.  He has been selected to train federal and state field examination staff on numerous issues including BSA, Field of Membership, ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management, Cybersecurity and Bankruptcy.

LEARNING METHOD This training is available as an on-demand webinar, organized into chapters. Learners can choose to watch individual chapters or complete the entire program. Unlimited testing is provided as the last chapter.

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