It's no secret that bankruptcy filings skyrocketed as the economy declined. Attend this webinar to ensure your credit union is doing everything in its power to reduce the negative effect of member bankruptcies.

In order to effectively gain a thorough understanding of the automatic stay and how it affects your recovery activities, you must first learn when a motion to lift the automatic stay must be filed. This is extremely important because your credit union could be held liable if you violate the automatic stay, and be subject to unnecessary losses if you fail to exercise your rights due to a misunderstanding of permissible collection activities.

During this webinar, you will:

• Gain a thorough understanding of what the automatic stay prevents a creditor from doing and what can be done without violating the automatic stay
• Discuss how to determine whether a co-debtor stay exists and what to do to lift the co-debtor stay
• Explore methods of how to deal with property that the debtor has proposed to surrender through the bankruptcy and how to deal with property that was repossessed immediately before the member filed bankruptcy
• Gain insight on how the automatic stay affects insurance proceeds and your credit union's right to offset funds on deposit
• Determine when your credit union should file a motion to lift the automatic stay and some of the various likely outcomes to filing such a motion

Can't attend at this time? Click here for the archived version.

This webinar will be beneficial for your credit union's collection staff.

Affiliation with CUNA/League is required for attendance.

Christy Curtis Jones
Christy is an attorney with Sherpy & Jones, P.A., a firm which specializes in servicing credit union's needs. Christy was an associate articles editor for the South Carolina Law Review and a member of the Order of the Wig & Robe. Christy currently concentrates her practice in the areas of creditor/debtor rights, bankruptcy, collections, and foreclosure. She is a member of the South Carolina Bar Association, South Carolina Bankruptcy Law Association, and is admitted to practice before the South Carolina Federal Court, District of South Carolina. She serves as the 11th Judicial Circuit's Representative to the South Carolina Bar's Young Lawyers Division. Ms. Jones is a regular speaker at the South Carolina Credit Union League and has served as an adjunct professor at the University of South Carolina School of Law, teaching legal writing to first year students.

The last day for cancellations was September 8, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.