Preparing, Filing and Updating Proofs of Claim
Under the New Bankruptcy Rules
A NorthLegal Webinar Presented September 28, 2017
Duration: Approximately 2:00 hours:minutes
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| Cost | How to Attend | How to Obtain Handouts |  |
On December 1, 2017, important changes to the rules relating to bankruptcy "proofs of claim" will take effect. Those changes include new filing deadlines, new obligations for secured creditors and new methods a debtor may use to oppose a claim.
The rules relating to proof of claim filing are already complex; mistakes can not only result in the loss of all or a portion of your claim—they can result in penalties! The changes just make things a little harder.
During this program, attorney Eric North (see sidebar) works with participants to explain the changes (as well as an important Supreme Court decision) and to address other aspects of the bankruptcy claim process you need to know, including what you must, may and must not do when preparing and filing a proof of claim for unsecured, personal property secured, and real property secured claims. Participants learn—
| • | New circumstances when a proof of claim should and should not be filed |
| • | New deadlines for filing a proof of claim and when the court can permit a late claim |
| • | New ways a debtor can defeat all or part of your claim |
| • | How to complete the official Proof of Claim form |
| • | How to itemize principal, interest, late fees, attorneys fees, and any other amounts included in the claim |
| • | What information you are prohibited from including with a proof of claim and what your financial institution should do if you make a mistake |
| • | When to include "Attachment A" and how to complete it |
| • | What other attachments must be included with the proof of claim |
| • | When an already-filed claim must be updated during the course of a bankruptcy using "Supplement 1" and/or "Supplement 2" and how to complete those forms |
| • | What your duty is when a Chapter 13 provides your financial institution with a Notice of Final Cure Payment |
| • | Common errors creditors make and how to avoid or fix them |
Attend this program to learn how to prevent a poorly prepared proof of claim from causing your financial institution to lose thousands of dollars in claims, penalties and attorneys fees!
NOTE: This program is intended only 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
The fee to attend this archived program is $160.00 if paid by credit card or $170.00 if paid by check. For that fee, you or someone from your financial
institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for 180 days! Contact NorthLegal for information.)
How to Attend a Prerecorded Webinar | How to Obtain Handouts
To attend this NorthLegal Webinar, please do the following:
| • | Register. To register online using a credit card, visit the "Enroll Now" link shown in the box at 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 receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. |
| • | Download the handout materials by clicking here. |
| • | Call NorthLegal to obtain the password to open the handout materials. |
Speaker: Eric North
Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions and other financial institutions as an attorney with respect to litigation, compliance, governance, bankruptcy and collections matters since 1984. Eric has appeared in state and federal courts throughout the State of California, and has argued before the Ninth Circuit Court of Appeal.Eric is also a nationally recognized speaker on legal issues relating to consumer lending institutions, and has presented hundreds of programs on behalf of national, state and local leagues and associations from around the country.