Overview
Consumers file for bankruptcy to seek protection from creditors and to reorganize or liquidate debts. Bankruptcy filings rise and fall with the economy. Surveys show that loss of income is the leading cause of consumer bankruptcies, followed by medical expenses and foreclosure. As trusted advisors, accounting and financial professionals should have a basic understanding of the bankruptcy process. This webinar provides a thorough review of consumer bankruptcy proceedings. Participants in this webinar will gain an understanding of how consumer bankruptcy proceedings begin and end, as well as learn about key issues that affect debtor and creditor rights during bankruptcy. This webinar provides information from the perspective of both debtor and creditor. Although bankruptcy concerns the debts of the debtor, the Bankruptcy Code provides substantial protections to creditors. Creditor rights, however, vary widely depending on the status afforded the creditor under the Bankruptcy Code. Do yourself, your clients, and your profit margin a favor, and sign up for this invaluable webinar.
Major Topics:
- Commencement of a bankruptcy proceeding
- Protections provided to debtors under the Bankruptcy Code
- Key procedural aspects of bankruptcy
- The automatic stay
- Differences between Chapters 7, 11, and 13 bankruptcy cases
- The bankruptcy discharge
- Proofs of claim
- Bankruptcy trustees
- Special rights afforded to secured creditors
Learning Objectives:
- Understand the different types of bankruptcy proceedings
- Advise clients regarding the proof of claim process
- Be well-versed in the eligibility requirements for consumer bankruptcies
- Understand the role of the automatic stay injunction