Bankruptcy 102: The Automatic Stay
April 25, 2017 at 10:00 a.m. PDT (11 MDT, 12 CDT, 1 EDT)
Estimated Duration: 90-120 minutes

Cost/Registration | How to Attend a Webinar

It's one of the most important concepts in bankruptcy, but it's also one of the most misunderstood.

Most creditors have heard of "the automatic stay" and that it prohibits a creditor from "doing anything to collect," but myths about what it really prohibits—and even about when it begins and ends—abound. Those misunderstandings can result in sanctions for those who err in one direction, and lost opportunities to collect for those who err in the other direction!

It is essential that those who routinely collect consumer debts have a strong understanding of the automatic stay. Those in management who are responsible for oversight of the collections department must also understand the rule well enough to perform their supervisory role. In fact, anyone who may interact with a borrower who has filed bankruptcy should have at least a basic understanding of the rule.

During this program, participants will learn about issues including:

• When exactly does the automatic stay begin? The general rule is easy, but there are exceptions to it that are important to know and myths surrounding it that are important to avoid.
• When does the automatic stay end? The Bankruptcy Code lists multiple times the automatic stay ends without your financial institution taking any action at all.
• When are you entitled to have the automatic stay lifted? What must be done to have that happen?
• What does the automatic stay really prohibit? May you return a call from the debtor? May you call to ask about insurance? May you send a payment reminder on a credit card or an auto loan? What about on a mortgage or a HELOC? May you send periodic statements? If you repossess a car before the bankruptcy is filed, does the automatic stay require you to release it after it has been filed? Does the automatic stay prohibit you from freezing funds on deposit?
• How can knowledge of the limitations of the automatic stay, together with careful planning, help your financial institution save money on legal fees?

NOTE: This program is intended for employees of consumer lending institutions. Please contact NorthLegal Training and Publications to obtain approval before registering if you are not an employee of a consumer lending institution.

Cost/Registration
Until the program begins, the fee to attend is $145.00 if paid by credit card or $155.00 if paid by check. For that fee, you and others from your financial institution may view the live program (from one computer) AND the archived program as often as you like for a period of 180 days.

After the live program has ended, the fee to register for and watch the archived program will be $160.00

How to Attend a Webinar
To attend this NorthLegal Webinar, please do the following:

• Register.  To register online using a credit card, visit the link shown in the grey box near the top of this page. To register by mail, call NorthLegal at 623.537.7150.
• Check your email. Within moments after you complete the registration process you should receive two emails.  One will be a sales receipt for the transaction and the other be an enrollment confirmation containing a link to attend the program and detailed instructions explaining how to use that link. 
• Watch for an email the day before the program or the morning of the program telling you that the handout materials are ready to be downloaded.  (A link will also appear on this site's home page when the materials are ready.)