As a collection professional, bankruptcy laws can be difficult to decipher. For example, a consumer who owes you a debt has filed for protection under the bankruptcy laws. Do you know if your collection efforts can be continued? Not being sure could mean you are not collecting money you are rightfully owed. Bankruptcy Code also provides protection to parties who have extended credit prior to the date of the debtor's petition for bankruptcy. Knowing your rights as a creditor is of the utmost importance and this collections and accounts receivable training workshop will help.
Both the Fair Debt Collection Practices Act (FDCPA) and the automatic stay provision under the Bankruptcy Code prohibit third-party collectors from contacting consumer debtors after the filing of a bankruptcy petition. However, there are still actions you can take to protect the interests of your company and make sure you are not limiting your ability to collect what is owed.
Make sure your company is collecting every debt owed to them. Sign up for this course today to make sure you understand all the bankruptcy laws and be confident you are in compliance.
What You'll Learn
- The basics of bankruptcy — plain English explanations of common terms and actions
- The different types of bankruptcy
- Bankruptcy discharge
- Steps to take when your debtor files bankruptcy
- How to answer frequently asked questions that could mean the difference between collecting money owed to you and getting nothing
- And much more!
Who Will Benefit
Collection professionals who are interested in learning more about their rights and options when debtors have filed for protection under the Bankruptcy Code will benefit from this program.