A pre-recorded streaming VIDEO replay of the August 2022 webcast, Practical Advice: Basics of Representing Creditors in Bankruptcy.
Topics Covered
- Review the main provisions of the Bankruptcy Code and the Federal Rules of Bankruptcy Procedure, including the roles of debtor’s counsel, creditor counsel, and trustees to more effectively preserve your creditor client’s claim
- Understand the key events in each type of bankruptcy case, the tools available for creditors, and the importance of various deadlines in this often fast-paced practice area
- Gain a better appreciation of the many traps for the unwary and learn how to avoid them
Whether the cases involve individual or business debtors, this targeted overview of creditors’ issues covers both consumer and non-consumer matters. The seminar focuses on the main provisions of the Bankruptcy Code and Bankruptcy Rules and navigating the problems that arise. In all the types of bankruptcy cases, creditors’ counsel must understand the automatic stay, valid objections to prevent discharge, and the filing of complaints that allow the court to determine dischargeability. The goal is to enforce the liens and other claims of creditors, and counsel must be prepared to discuss realistic recoveries in bankruptcy cases from that viewpoint.
The United States is likely on the brink of a major recession in light of the contraction of our economy. With inflation at a forty-year high, skyrocketing energy prices, and widespread supply chain disruptions, consumer and business bankruptcy filings will rise, making the basics of creditor representation important for anyone with a regular consumer or business practice.