Bankruptcy 105
Preparing, Filing and Updating
Bankruptcy
Proofs of Claim
A NorthLegal Webinar presented May 21, 2020
Duration: 2:07 hours:minutes
| Cost | How to Attend | How to Obtain Handouts |  |
It's an unpleasant fact, but a fact, that bankruptcy filings are likely to increase over the next 12 months as consumers feel the impact of the COVID-19 pandemic. And regardless of whether your financial institution is pursuing collection activities in general, when a bankruptcy is filed you stand to lose important rights if you do not take certain actions properly and quickly. One of those actions is the filing of a proof of claim in appropriate circumstances.
Just as important as filing a proof of claim is completing it accurately. Failing to do so may result in a loss of some or all of your financial institution's rights—or even an accusation of deceptive conduct or perjury (because proofs of claim are filed under oath).
During this program, attorney Eric North helps participants understand:
| • | Circumstances under which a proof of claim should filed and when filing is unnecessary |
| • | Deadlines for filing a proof of claim and when the court can permit a late claim |
| • | Steps a debtor can take to try to defeat all or part of your claim, and how to respond |
| • | How to complete the official Proof of Claim form |
| • | How to itemize principal, interest, late fees, attorneys fees, and any other amounts included in the claim |
| • | What information you are prohibited from including with a proof of claim and what your financial institution should do if you make a mistake |
| • | When to include "Attachment A" and how to complete it |
| • | What other attachments must be included with the proof of claim |
| • | When an already-filed claim must be updated during the course of a bankruptcy using "Supplement 1" and/or "Supplement 2" and how to complete those forms |
| • | What your duty is when a Chapter 13 provides your financial institution with a Notice of Final Cure Payment |
| • | Common errors creditors make and how to avoid or fix them |
Attend this webinar to learn the rules you must know in order to protect your financial institution's rights, maximize chances for recovery, and avoid costly errors.
This program is the fifth in a series of webinars intended to help collections and bankruptcy professionals understand and respond appropriately to bankruptcy filings.
NOTE: This program is intended only for employees of consumer lending
institutions. Please contact NorthLegal Training and Publications to obtain approval
before registering if you are not an employee of a consumer lending institution.
Cost/Registration
The fee to attend this archived program is $190.00 if paid by credit card or $200.00 if paid by check. For that fee, you or someone from your financial
institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for six months! Contact NorthLegal for information.)
How to Attend a Prerecorded Webinar | How to Obtain Handouts
To attend this NorthLegal Webinar, please do the following:
| • | Register. To register online using a credit card, visit the "Enroll Now" link shown in the box at the top of this page. To register by mail, call NorthLegal at 623.537.7150. |
| • | Check your email. Within moments after you complete the registration process you should receive two emails. One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. |
| • | Download the handout materials by clicking here. |
| • | Call NorthLegal to obtain the password to open the handout materials. |
Speaker: Eric North
Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions and other financial institutions 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 issues relating to consumer lending institutions, and has presented hundreds of programs on behalf of national, state and local leagues and associations from around the country.
Live program scheduling conflict?
No problem! Registration for a NorthLegal webinar automatically entitles you to watch it live AND to watch the archived version as many times as you like for 180 days!
If you or your staff can't make the live program, you still have plenty of time to watch when it is more convenient for you!