Description
Get a foundational understanding of the basic concepts of bankruptcy so that you can navigate the complexities with ease.Many businesses and consumers are impacted by bankruptcy filings every day and often are not sure of the steps to take or actions to avoid once a customer, client, or other party files for bankruptcy. The bankruptcy code can be confusing for attorneys and nonattorneys alike who are not familiar with the basic bankruptcy process and rules. This presentation will provide a highlevel primer on bankruptcy basics and common terminology to provide a general understanding of how bankruptcies work and the specific aspects of a case that you may need to take action on. The presentation will provide an overview of the different chapters of bankruptcy and will discuss some of the differences between consumer and business bankruptcies. The concept of the ‘automatic stay’ often scares creditors from taking no action against a debtor in a case, and this topic will provide information on what the automatic stay actually is, what it prohibits, and how to get around it to protect creditors’ claims and rights during a bankruptcy.
Date: 2023-07-27 Start Time: End Time:
Learning Objectives