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Course/Product Description
Title:

Understanding The New Bankruptcy Proof Of Claim Form

SKU:WC-1026461
Date / Time: Recorded
Format: Webinar
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Description:

Many businesses and individuals with claims against debtors (both business and consumer) who file for bankruptcy are not familiar with the process by which those claims are filed with Bankruptcy Courts to establish valid claims against debtors. They also do not understand what elements are needed to satisfy the requirements for proving the existence of a valid claim.

This webinar helps individuals and businesses who are, or may become, creditors to understand how first to complete and file a bankruptcy proof of claim and then how to satisfy the elements of proof required to substantiate the claim. The material also explains the differences between the old and the newly revised proof of claim forms.

Failing to file properly and complete a proof of claim is a common error that creditors make in asserting claims against debtors in bankruptcy. This avoidable error frequently leads to the disallowance of a claim which can oftentimes result in the creditor's recovery of none of the debt owed to it by a debtor.

This class is critical for businesses and individuals who have claims against debtors so they properly and effectively file a proof of claim in order to maximize the recovery on account of those claims if the debtor files for bankruptcy.

AGENDA

Introduction

  • Brief Overview of the Bankruptcy Process
  • Importance of Filing a Proof of Claim and Role of the Proof of Claim Form
  • Effects of Creditor's Failure to File a Proof of Claim
  • Old Proof of Claim Form and Frequent Related Issues
New Proof of Claim Form
  • Overview – Where to Find and When/Where to File
  • Differences Compared to Old Form
  • How to Complete the New Form
  • Key Points of the New Form
  • Claim Classifications
  • Requisites for Proving a Claim Including Supporting Documentation
  • Common Pitfalls
  • Keys for Filing and Substantiating a Successful Claim
Other Common Issues
  • Assignment/Transfer of Claims
  • Filing Logistics (Including Electronic vs. Paper Filing and Filing With BR Court vs. Filing With Claims Agent)
  • Addressing and Overcoming Claim Objections
  • Timeliness and Late Claims
Key Takeaways for Creditors

About The Presenter

Robert (Robbie) S. Westermann
  • Partner and co-chair of Hirschler Fleischer’s Chambers USA-ranked Bankruptcy, Restructuring, and Creditor’s Rights practice group
  • National bankruptcy and creditors’ rights practice representing major constituents in Chapter 11 and Chapter 7 bankruptcy cases, including debtors, trustees, creditors’ committees, secured creditors, landlords, providers of goods and services, and management employees, including officers and directors
  • Recent representations include serving as counsel to several key constituents in coal-related Chapter 11 cases in Virginia, and as special counsel to Health Diagnostic Laboratory, Inc. and two of its affiliates in their Chapter 11 reorganization cases
  • Former law clerk for The Honorable Blackwell N. Shelley of the United States Bankruptcy Court for the Eastern District of Virginia
  • Named among Chambers USA’s “Leaders in the Field,” the Virginia Business “Legal Elite,” Virginia Super Lawyers, and Best Lawyers in America
  • Former Bankruptcy Section chair for Virginia State Bar, Richmond Bar Association, and Virginia Bar Association, among other leadership roles
  • Active member of and regular speaker for the American Bankruptcy Institute
  • J.D. degree, Washington & Lee University School of Law; B.A. degree in history, University of Virginia


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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