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Course description

WHAT? 

Bankruptcy is an intricate and complex area of the law. Courts continue to grapple with bankruptcy issues in their attempt to render equitable decisions and to prevent abuse. Banking professionals continue to encounter difficulties in bankruptcy cases. Creditors and banking professionals need to be aware of how the Bankruptcy Code works and how to protect and preserve their rights under the law. This webinar will focus on what creditors (specifically financial institutions) must know about this specialized area of the law. The webinar is intended as an introduction to bankruptcy law for financial professionals who deal on a regular or occasional basis with bankruptcy cases, but who may not have formal legal training. In the case of bankruptcy, "forewarned is forearmed." 

WHY?

 It is essential that bankers and lending professionals understand the way the provisions of the Bankruptcy Code work. This webinar will focus on explaining the fundamental workings of bankruptcy law and on which actions a creditor can and cannot take. The program will provide a fundamental look at the more important bankruptcy provisions and their impact on the rights and obligations of creditors. The program will compare and contrast the provisions of each topic area under the major bankruptcy chapters (namely Chapters 7, 11, and 13), and will discuss relevant court decisions that affect the rights and obligations of creditors, especially specifically financial institutions. 

PROGRAM CONTENTIntroduction

  • Discussion of bankruptcy law and terminology
  • Outline of major Bankruptcy Code chapters and relationships

Topic Coverage:

  • Commencement, conversion and dismissal of bankruptcy cases
  • Foreclosure/collection efforts
  • Automatic stay
  • Exemptions
  • What is a claim?
  • Bankruptcy and secured claims
  • Order of distribution
  • Discharge of claims
  • Guarantors/sureties and bankruptcy
  • Reaffirmation agreements
  • Leases and executory contracts
  • Bankruptcy fraud and pre-bankruptcy/post-bankruptcy transfers
  • Notices from Bankruptcy Court
  • Small businesses and bankruptcy
  • The Servicemembers Civil Relief Act (SCRA)

Instructor(s)

Sam Ott

Sam D. Ott is an attorney who specializes in banking. Prior to entering into private practice, Sam was Executive Vice President of Glia Group, Inc., the originator of BankersOnline.com. He was previously General Counsel and Secretary of the Board of BancFirst Corporation and BancFirst. Before his association with BancFirst, Sam served as Assistant General Counsel for The First National Bank and Trust Company of Oklahoma City and General Counsel for both First Interstate Bank of Oklahoma and Boatmen's Bank of Oklahoma.

Course curriculum

  • 1

    Video

    • Bankruptcy 101

  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers

    • Chapter 13 Notice Meeting of Creditors

    • Chapter 7 Discharge

    • Chapter 7 Notice Asset

    • Chapter 7 Notice

    • Chapter 7 Statement of Intention

    • Involuntary Petition

    • Proof of Claim

    • Reaffirmation Agreement

    • Reaffirmaton Agreement Cover Sheet

    • Sch A Real Property

    • Sch B Personal Property

    • Sch C Property Claimed Exempt

    • Sch D Creditors with Secured Claims

    • Sch E Creditors Holding Non-Exempt Claims

    • Sch F Creditors Unsecured Non Priority

    • Summary of Schedules

    • Voluntary Petition