Protecting
Security Interests
During Bankruptcy
A NorthLegal Webinar
Recorded September 20, 2007
Program
Description
Does
your credit union have to wait long periods of time for payments on
secured loans during bankruptcy cases? Do Chapter 7 debtors stall while
trying to decide whether to keep or surrender collateral. Do
Chapter 13 trustees withhold payment because no "plan" has
been confirmed, or because another creditor (the debtor's
lawyer?) is getting paid before you, or because the debtor has stopped
paying? Who will compensate the credit union for
the depreciation that is occurring while you're
being so patient?
| Or
is your credit union's security interest at risk for some other
reason, such as because the collateral is in possession of a third
party, or because the debtor may hide it, or because it is not
insured? What are your options and rights? |
|
Prevent
the losses that occur while you're waiting for payment! |
Or,
in this time of dramatically increasing mortgage foreclosures, are
you concerned about an increasingly delinquent real property-secured
loan, or about a senior mortgage that may foreclose?
The
new bankruptcy laws give your credit union important new rights, and
continue to provide certain rights that were already in effect, designed
to help you protect the value of your security interest while your
collateral is in the debtor's hands. Do you know what those rights
are? Are you actively enforcing those rights?
On
September 20, credit union attorney Eric North and participating
credit unions discussed detailed information about the rights
credit unions have under bankruptcy law to keep their collateral safe
during a Chapter 7 or Chapter 13 case, and about how to enforce
those rights.
During this program,
you will learn:
• |
What
the concept of "adequate protection" means (It's a lot
more than just a lack of insurance!), and why it is important to
your credit union. |
| • |
When
you are entitled as a matter of law to "relief from the automatic
stay" in order to retake your credit union's collateral, or
to other protection from the court. |
| • |
How
the new bankruptcy laws give your credit union important new rights
to receive payments during a Chapter 13 bankruptcy case -- even before
a plan is confirmed -- and how courts are enforcing (or not
enforcing) those new rules. |
| • |
What
your options are if the debtor fails to provide proof of insurance. |
| • |
When
you are entitled to foreclose on a mortgage, or to protection against
foreclosure by a senior lienholder, during bankruptcy. |
and
much more!
Take
advantage of this opportunity to train your credit union's entire
staff concerning this specific important topic, all for one low price
in the convenience of your office!
NOTE: This
program is intended for employees of credit unions. If you are not
a credit union employee, please contact NorthLegal Training and Publications
to obtain approval before registering.
Cost/Registration
The registration fee for this program is $125.00 per
telephone/Internet connection if paid by credit card (online or by telephone), $135.00 if
paid by check.
(Checks must be received by NorthLegal prior to the
beginning of the program. Sorry, but we cannot invoice for this event.) For that
single price, you may have as many participants as you wish listen (over a single
telephone line and Internet connection)
in a conference room or office! To register, click here or
telephone NorthLegal Training and Publications at 623.537.7150.
Regions
Affected
This
program is not state-specific, and will be important to credit unions
from around the country.
Co-Hosts
Although credit unions from any state may attend this program, this program
is jointly hosted by NorthLegal Training and Publications and by the following
organizations:
The
Arizona Credit Union System
The California Credit Union League
The Delaware Credit Union League
The Hawaii Credit Union League
The Iowa Credit Union League
The Kentucky Credit Union League
The Louisiana Credit Union League
The Massachussetts Credit Union League
The Mid America Credit Union Association
The Mississippi Credit Union League
The Montana Credit Union League
The New Hampshire Credit Union League
The Nevada Credit Union League
The Northwest Credit Union Collectors Association
The Credit Union Association of Oregon
The Pennsylvania Credit Union Association
The Rhode Island Credit Union League
The Tennessee Credit Union League
The Utah League of Credit Unions
The Washington Credit Union League
The West Virginia Credit Union League
(Credit
unions do not have to be members of any of those leagues or associations
in order to attend.)
How
to Attend an Archived NorthLegal Webinar
To attend this program you will need access to a telephone and an Internet
connection. The audio portion will be heard over a toll-free telephone line
(we find you get the most reliable and clear connection that way), and a slide
and document presentation will be viewed over the Internet. Here are
the steps:
1. Enroll online, by clicking the "Enroll / Attend" link
at the top of this page. You will need a credit card or a "coupon
code" from NorthLegal. After you enroll, an Access
Code will be sent to the email address you provide. (If you were
provided with an Access Code by NorthLegal, you may go directly to
Step 2.)
2. After receiving an
Access Code, click the "Program Materials" link at the top of this page
to download the materials in PDF format. Contact NorthLegal to obtain
the password needed to open the PDF file.
3. After downloading the program materials, return
to the "Enroll/Attend" link at the top of this page, scroll to the bottom,
enter that Access Code," and click "Playback."
Contact NorthLegal
Training and Publications if you have any questions or suggestions
for improvement.
NorthLegal Training and Publications
20280 North 59th Ave., No. 115-334
Glendale, Arizona 85308
Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: northlegal@culaw.com
|
NorthLegal Webinars
NorthLegal Bankruptcy Conference for CUs
Speaker: Eric North
 Eric
North, the primary speaker at the programs listed on this site, has represented
the interests of credit unions as an attorney with respect to litigation,
compliance, governance, bankruptcy and collections matters since 1984.
Eric has appeared in state and federal
courts throughout the State of California, and has argued before the Ninth
Circuit Court of Appeal.
Eric is also a nationally recognized speaker on legal subjects affecting
credit unions, and has presented hundreds of programs for
for national, state and local credit union leagues and associations from
around the country.
Upcoming Conferences!
NorthLegal Bankruptcy
Conferences
-- Everything Bankruptcy
January 12 to 15 or 16, 2009
The Royal Plaza
at Walt Disney Resort
Lake Buena Vista, Florida
>> Information
and Registration
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