Current Issues in Collections and Bankruptcy – What You Need to Know Now
We made it! And what a year it has been. Unfortunately, now is not the time to take a victory lap. As your credit union continues to find its “new normal”, the collections department needs to recognize the new opportunities and hidden traps which exist in assisting the troubled member in 2021. From understanding the virtual workflow to new ways to assess default risk and improving your collections communications to understanding your rights in bankruptcy, this informative and interactive session is sure to have something for you! It is never too late to sharpen your collections skills and better position your credit union to assist troubled members who want to work with you during these unprecedented times and maximize the recovery from everyone else.
But wait, there is more! This often-overlooked operational area is at the unfortunate crossroads of member service and compliance risk and this creates the need to be continually looking for ways to improve our performance, while limiting risk. Very few other areas have undergone a greater regulatory transformation in the last year than collections. Are you prepared?
Join credit union attorney and collections consultant David Reed for an exciting virtual training event as he highlights the latest techniques, tips and best practices to maximize your collections function in today’s complicated environment. The event includes real world examples, sample checklists and ample time to answer your questions.
Can you afford NOT to attend?
The session will cover:
- Maximizing Collections Opportunities
- Reviewing the Major Developments in Collections – What a Year!
- Maximizing the Virtual Workflow
- Understanding Setoffs and Statutory Liens - What Can You Take and How
- Appreciating Workout Options – From Consumer Loans to Real Estate
- Mining for Member Service Opportunities
- Fine Tuning Your Bankruptcy Process
- Overview of Key Bankruptcy Rules – From Automatic Stay to Discharge
- Maximizing Recovery Opportunities
- Avoiding Inadvertent Violations of the Automatic Stay
- Capturing Collateral After Discharge
- Account Placement Methods and Checklist
9:00am - 11:00am - Session
11:00am - 1:00pm - Break
1:00pm - 3:00pm - Session Continues
- Live Conference - $349 per person
- On-Demand Conference (Available through November 11) - $329 per person
- Six or More Participants - 15% discount for each participant (please contact firstname.lastname@example.org to receive this rate)
Registration Deadline: May 7, 2021
**Login instructions will be sent one day prior to the conference.**
About the Presenter - David A. Reed, Partner, Reed and Jolly, PLLC
David Reed’s training philosophy is centered on the member service approach to effective collections. In his 30 plus years of law practice he has been a bankruptcy and collections attorney for debtors AND credit unions. When he “saw the light”, he went to work for a credit union and became a collections manager AND then general counsel! He may be the only attorney training credit unions today who has seen collections and bankruptcy from both the members’ and credit unions’ perspectives.
Attorney, author, consultant and nationally recognized trainer, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of credit union policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. In addition to his legal expertise, Mr. Reed is a Certified Fraud Examiner and Chairman of a Supervisory Committee. His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections.
A former trial attorney and Vice President and General Counsel of a large credit union, Mr. Reed is particularly noted as an expert in the areas of credit union operations, compliance, bankruptcy and collections. He has been selected to train NCUA Field Examination and Audit Staff on numerous issues including ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management and Bankruptcy matters.
A refund of the amount paid, less an $70 administrative fee per registrant, will be given for all cancellations submitted via email to email@example.com ten or more business days prior to the start of the session. No refunds will be granted if the cancellation is received after that time frame. Substitutes will be accepted any time prior to the start of the program at no additional cost. Simply email firstname.lastname@example.org, listing the new participant and who they will be replacing.