Default
Upon Bankruptcy Clauses
Are They Enforceable (And Why Should
You Care)?
A NorthLegal Webinar
(Presented November 20, 2008)
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Almost
all credit union loan agreements have them, but few credit unions
use them -- or are even sure whether they can use
them.
"Default upon bankruptcy" clauses
-- sometimes called
"ipso facto clauses" -- say the creditor may
declare a default if the debtor files bankruptcy. Those
clauses may have vital importance to credit unions if they are
enforceable, but mean nothing and may cause you liability if
they are not enforceable. And no one seems to know what the law really says!
Credit union rights attorney Eric North has studied and followed
court cases relating to this issue for more than 20 years, and
on November 20 he will talk with participants about why these clauses
are so very important to secured creditors in Chapter 7 bankruptcy
cases and how your credit union can best utilize them. |
During
this Internet program, participants will learn:
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Exactly
what the Bankruptcy Code does -- and doesn't -- say about default
upon bankruptcy clauses. |
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How
courts have interpreted the law before and after BAPCPA, and
what the current state of the law is. |
• |
Why
some court decisions that look like "wins" are really "losses,"
and how to protect your credit union in similar situations. |
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How general principles of law factor in
to the analysis, and what traps you should avoid. |
| • |
What changes you may want to make to your
default upon bankruptcy clauses to improve the chances they will
be enforced. |
and
much more!
Like
other NorthLegal Webinars, this program gives your credit union the
opportunity to train several staff members for
a single low price, right 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!
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, by the credit
union leagues and associations serving:
Arizona
California
Colorado
Delaware
Hawaii
Kentucky
Louisiana
Massachusetts
Mississippi
Montana
New Hampshire
Nevada
|
North Dakota
Oklahoma
Oregon
Rhode Island
South Dakota
Tennessee
Utah
Vermont
Washington
West Virginia
Wyoming |
by the following regional assocations:
The
California Credit Union Collectors Council
The NorthWest Credit Union Collectors Association
and by the
law firm of Moore, Brewer, Jones, Tyler & North
How
to Attend
a 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. More details about
how to participate will be provided upon registration or (if you would like
details before registering) may be obtained by calling NorthLegal Training
and Publications.
5115 N. Dysart Road, No. 202-500
Litchfield Park, Arizona 85340
Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: northlegal@culaw.com
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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 other financial institutions, and has presented hundreds
of programs on behalf of national, state and local leagues
and associations from around the country.
Watching your training
budget? NorthLegal
Webinars allow you to train multiple employees for one low fee.
Webinar scheduling conflict? No
problem. Just register, skip the program, and contact NorthLegal
to arrange a replay of the presentation at a time that is more
convenient for you. You get all the benefits of a live program,
plus the ability to "pause" the program to take notes
or to discuss the materials being presented. |
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