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Course description

If you have loan or collections responsibilities, this is the webinar you’ve been waiting for – a bankruptcy attorney who has represented both debtors and institutions during his 30 plus year career is teaching this session. Don’t let your delinquency numbers and low bankruptcy filings fool you. There’s a world of hurt coming your way!Record unemployment and a fractured economy will not bring good news. It won’t be long before the stimulus money, modifications and forbearances and other rescue options are exhausted. Many of your borrowers are going to be heading to the local bankruptcy attorney and you need to be prepared.

From the teller line to the loan collections department, your bank needs to be ready for every twist and turn a bankruptcy filing will create. This overview examines the five essential lessons you need to learn before the bankruptcy storm hits.  

Don’t be caught flat-footed and lose collections opportunities. Worse yet, don’t fall into a bankruptcy trap set by an experience bankruptcy attorney. With the proper training and focused preparation, you can minimize the risk and maximize recoveries on bankrupt accounts.

With 30 years of experience in bankruptcy cases, David Reed is the instructor you’ve been waiting to learn from and now is the time. The world of the delinquent borrower is never boring, and it never stands still.  Much has happened over the last few months that directly impacts your Loan Collections Department.  From understanding the virtual workflow to new ways to assess default risk and improving your recovery options to understanding your rights within bankruptcy, this informative and interactive session is sure to have something for you!It is never too late to sharpen your skills and better position your institution to assist troubled borrowers who want to work with you during these unprecedented times and maximize the recovery from everyone else.  

Bankruptcies continue to be a dark cloud on your economic weather report and it looks like the storm is just getting started as more of your borrowers are preparing to “commit bankruptcy” against their bank.  This session is designed for the collections professional who wants to sharpen their skills in this debtor-friendly world before it is too late.   We will examine the current state of consumer bankruptcy and how it continues to impact institutions.   

From best practices to the most common landmines to maximizing recovery methods during bankruptcy, this interactive session walks the bank professional through the complicated world of bankruptcy in an easy to understand (and retain) format.  Better yet, David is a former bankruptcy attorney who has represented both debtors and institutions during his career.

The session will cover:

•             Key Bankruptcy Terms and Concepts

•             Putting the Bank on Notice

•             Avoiding Automatic Stay Violations

•             Relief from Stay, Fraud and Preference Actions

•             Meeting of Creditors Tips and Tricks


David Reed

Attorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to financial institutions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections. He offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff. A former trial attorney and Vice President and General Counsel of a regional financial institution, Mr. Reed is particularly noted as an expert in the areas of financial institution operations, bankruptcy and collections. He has been selected to train federal and state field examination staff on numerous issues including ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management and Bankruptcy. He also serves as editor of several industry manuals. Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989. He is a Certified Compliance Officer and resides in Fairfax, Virginia with his wife Diane and their twin daughters.

Course curriculum

  • 1


    • Access Webinar

  • 2


    • Slides

    • Questions and Answers