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Collection Laws From Start to Finish
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Provider:
NBI, Inc.
Topic(s):
Finance & Accounting > Credit & Collection
Who Should Attend?
Collections managers, collectors, credit managers, loan officers, finance managers, vice presidents and office managers
Full Seminar Description
Solid Techniques to Help You Get Your Money Faster. Getting people to part with their money when they owe a debt can be an extremely unpleasant and difficult job. Combine that with strict guidelines and ample opportunity for liability and you can go from hero to zero in the span of one botched phone call. Don't let it happen to you. If you're responsible for collecting debts for your company, you need to have airtight methods and perfect procedures in order to get the money owed while staying in compliance with the FDCPA and Fair Credit Extension Uniformity Act. Minimize your company's risk and get results by attending this power-packed seminar. Our knowledgeable faculty will reveal some of the best practices available to collect debts before a lawsuit whenever possible. Do your part to make third party action successful if your in-house measures don't work out. Gain insiders' tips for uncovering assets a debtor is trying to keep hidden. Pursue your options for collection after a judgment is entered. Know exactly what your rights are and how to assert them when a debtor files for bankruptcy. Don't miss this pivotal seminar. Fee per person: $389Benefits of Attending
Solid Techniques to Help You Get Your Money Faster
Getting people to part with their money when they owe a debt can be an extremely unpleasant and difficult job. Combine that with strict guidelines and ample opportunity for liability and you can go from hero to zero in the span of one botched phone call. Don't let it happen to you. If you're responsible for collecting debts for your company, you need to have airtight methods and perfect procedures in order to get the money owed – while staying in compliance with the FDCPA and FAir Credit Extension Uniformity Act. Minimize your company's risk and get results by attending this power-packed seminar.
Our knowledgeable faculty will reveal some of the best practices available to collect debts before a lawsuit whenever possible. Do your part to make third party action successful if your in-house measures don't work out. Gain insiders' tips for uncovering assets a debtor is trying to keep hidden. Pursue your options for collection after a judgment is entered. Know exactly what your rights are – and how to assert them – when a debtor files for bankruptcy. Don't miss this pivotal seminar.
- Save your company time and money by using dynamic tools to collect debts before legal action is necessary.
- Know what steps to follow when preparing your file for a collection agency or attorney.
- Keep above reproach by knowing what actions are permitted or restricted under the FDCPA.
- Use proven strategies for collecting money, including wage and bank garnishments, liens and installment payments.
- Seek relief from stay if a debtor files for bankruptcy.
Agenda
IMPLEMENTING SOLID IN-HOUSE COLLECTION STRATEGIES
9:00 - 10:00
- Why Knowing the Debtor is Critical
- Key Differences Between Consumer and Business Debt
- Factors in Deciding Whether to Pursue Collection
- Locating and Notifying the Debtor
- Dynamic Telephone Contact Techniques
- Sample Collection Letters
- Effective Skip Tracing Tools
- Offering Solutions to the Debtor
- Handling Denials and Extension Requests
- Examples of Scenarios You May Face
PURSUING THIRD PARTY ACTION WHEN COLLECTION MEASURES FAIL
10:15 - 11:15
- Preparing the File for the Collection Agency and Attorney
- Maximizing Third Party Action Effectiveness
- Following and Monitoring Third Party Action
- Reviewing Suit Recommendation
ENSURING COMPLIANCE WITH THE FAIR DEBT COLLECTION PRACTICES ACT AND FAIR CREDIT EXTENSION UNIFORMITY ACT
11:15 - 12:00
- Scope
- Unfair and Deceptive Practices
- What You Can Do to Avoid Counterclaims
- Enforcement and Penalties
- Avoiding Individual Liability With a Bona Fide Error Defense
LOCATING ASSETS - AVOID PLAYING "HIDE AND SEEK"
1:00 - 2:00
- Informal Discovery
- Identifying Specific Records and Sources of Information
- Motor Vehicle Records
- Financial Institution Records
- Real Estate Records
- UCC Records
- Credit Bureau Reports
- Newspapers
- Utilizing Valuable Internet Resources
- When to Use Investigators
- When to Involve the Court
- Sample Asset Location Situations
SUCCESSFULLY COLLECTING JUDGMENTS
2:00 - 3:00
- Wage and Bank Garnishments
- Judgment Liens on Real and Personal Property
- Writs of Execution, Seize and Sale by Sheriff
- Installment and Lump Sum Payments
- Dealing with Exemption Claims by the Debtor
- Turnover or Assignment Orders
- Handling Fraudulent Conveyances
UNDERSTANDING CREDITORS' RIGHTS IN BANKRUPTCY
3:15 - 4:30
- Impact of the Bankruptcy Reform Legislation
- Creditors' Options Under Chapters 7, 11 and 13
- Filing a Proof of Claim
- Seeking Relief From Stay
- Contesting the Dischargeability of Debts
This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants.
Who Should Attend
This basic-to-intermediate level seminar will provide collections managers, collectors, credit managers, loan officers, finance managers, vice presidents and office managers with practical insight to help them successfully collect debts and judgments in an efficient and legal manner. Also, attorneys, legal support staff and accountants involved in collections will benefit from this comprehensive look at collection procedures. This is a basic to intermediate-level program. Accountants should have a basic understanding of federal income tax matters. No advanced preparation or prerequisites are required. Field(s) of Study -- Business Law.Times
Registration: 8:30-9:00 a.m.
Start: 9:00 a.m.
Stop: 4:30 p.m.
Sponsor Background:
About NBINational Business Institute
Providing Legal Knowledge to Any Business, Anytime, Anywhere
National Business Institute (NBI) has been providing legal education to attorneys, accountants, human resource and insurance professionals, real estate agents, teachers and all other corporate and legal professionals for over 20 years. We have trained on every legal topic relevant to the workplace and have access to the most comprehensive library of training tools in the industry.
Since 1983 we have been one of the largest providers of legal and professional education in the nation. We currently hold seminars in major metropolitan areas in all 50 states and Puerto Rico, serving over one million professionals.
An NBI seminar will provide you with the practical knowledge you need to perform your job with greater skill and effectiveness. In addition, we work in close cooperation with more than 500 continuing legal and other education credit-granting organizations. You can be confident that we carefully design our seminars to ensure that you’ll be able to satisfy all of your professional training requirements.
Our commitment to your success is what drives our daily activities. When you train with National Business Institute, you not only make an investment in your career, but you also make an investment in yourself. We look forward to helping you gain the knowledge you desire while showing you all the ways NBI provides more choices for your success!
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Simply put, NBI is the best! Having trained over one million professionals, we know what you need, and we have the ability to help you obtain it. Our satisfied customers agree that we are innovative, established and practical. With each NBI seminar you are guaranteed to receive:
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NBI is dedicated to providing you with a wide choice of relevant seminar topics led by knowledgeable, experienced instructors and carefully designed to meet your continuing education needs. You can rest assured that we are up-to-date on the latest legal issues and changes, and that we won’t rest until we deliver the most timely information to you!
Free Reference Manual
Your learning doesn’t end with the conclusion of the seminar presentation. With our comprehensive course manual, written specifically to accompany each program, you’ll have all the information you need right at your fingertips. This manual, included with your tuition, allows you to take the seminar back to the office with you!
Network Opportunities with Fellow Professionals
By focusing on a specific content area, our seminars offer a great opportunity to get together with other professionals who have the same concerns and challenges you experience every day.
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RISK FREE CANCELLATION
Register today at no risk. If your plans change later and you can’t attend the program, you may substitute another person at any time, transfer your registration to any future seminar, purchase the manual and audio recording, or cancel your registration without penalty. Just call and let us know.
SATISFACTION GUARANTEE
If you aren't happy, we aren't either! Your tuition will be refunded if you are not satisfied with the seminar for any reason.
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