Bankruptcy - Protecting Your Rights as a Creditor

Duration: 90 Minutes
Bankruptcy is the process by which a debtor gets court approval to have debts legally eliminated. If you are a creditor or collection agency, it can seem like a complicated issue, but, it isn't. Congress has set forth measures to discourage the amount of bankruptcies filed, and to protect creditors from having to write off funds owed. This webinar will explain, in detail, the various types of bankruptcy. It will detail the 2005 change to the United States Bankruptcy Code that you absolutely MUST know about. The bankruptcy process itself will be described, as well as the things you need to make sure you do to protect the money owed to you. We will also discuss the types of debt not dischargeable in bankruptcy, and the order of hierarchy in terms of who gets paid first, second, third, etc. We cannot guarantee you'll get all the money owed to you, but we can guarantee you'll know how to make your best case for it.
U.S. Bankruptcy Code
Instructor: Scott Transue
Product ID: 501654
Objectives of the Presentation
  • Learn the various types of bankruptcy
  • Learn about the 2005 revision to the Bankruptcy Code
  • Learn how to calculate whether a debtor qualifies for Chapter 7 bankruptcy through The Means Test
  • Learn how the bankruptcy process works
  • Learn how the Proof of Claim is used to best protect the monies you are owed
  • Learn what to do if you are not notified of a debtor's bankruptcy
Why Should you Attend
The session will help to understand:
  • Chapter 7, Chapter 11, and Chapter 13 Bankruptcy
  • The 2005 revision to the United States Bankruptcy Code - The Means Test
  • Who Gets Paid First? - The Order of Hierarchy
  • The Bankruptcy Process and the Proof of Claim
Areas Covered
  • "Bankruptcy" defined
  • 2005 Bankruptcy Abuse Protection Act
  • U.S. Bankruptcy Code
  • The Proof of Claim
  • Hierarchy of Payment
  • Non-dischargeable Debts
  • Non-notification of a Bankruptcy
  • Involuntary Conversion to Chapter 7 from Chapter 13
  • Chapter 9 and Chapter 12 Bankruptcy - Unique Aspects
Who will Benefit
  • Accounts Receivable staff, Controllers, and Collection Agency personnel
  • All professionals who want to expand their knowledge in the fields of debt collection
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Scott Transue is an enrolled agent based out of Albany, New York. He owns his own tax preparation and representation firm, and has personally completed over 500 individual tax returns. He has unlimited representation rights for taxpayers and companies experiencing issues with the IRS.

He received a Master of Public Administration degree from the State University of New York at Albany. His professional career has included time as commissioner of finance for the city of Gloversville, New York and as a senior accountant with the New York State Department of Environmental Conservation.
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