2018 Bankruptcy & Collections Seminars: Permian Chapter

Cornerstone Credit Union League is partnering with the Permian Chapter to bring you “Bankruptcy & Collections Seminar” in Odessa, Texas August 22-23, 2018!

Day 1: Collections

Credit Union Repossessions A to Z: The Ultimate Repossession Training

Most credit unions assume that their internal repossession procedures and all of their repossession notices and forms are in compliance with applicable law. Unfortunately, experience has shown that is simply not the case.

We have seen not only individual lawsuits and counterclaims filed against credit unions over repossession related mistakes, but we have also seen several recent multi-million dollar class action settlements arising from non-compliant credit union repossession documentation and procedures that would indicate that many credit unions are vulnerable and still at risk in this operational area.

Our seminar presenters, credit union attorneys Mike Blalack and Rob Woodcock, have a unique perspective on credit union repossession issues since their firm has been representing credit unions with regard to repossession matters on a daily basis for over thirty years. In their day-to-day representation of credit unions of all sizes they have found that they see more mistakes and errors made in the two areas:

  1. Credit union repossession procedures, and
  2. Credit union repossession related notices and documentation than in all other collection operational areas combined.

As a result, it is more critical than ever that every credit union makes sure:

  • Their staff fully understand the law.
  • That their repossession procedures are complete.
  • That all required letters, notices and forms are in full compliance.

In short, credit union collectors and collection departments must have a thorough and correct understanding of what not to do, what to do and how to do it.

This day long training seminar covers all of the key legal issues impacting delinquent vehicle loans, repossessions, and the disposition of collateral. Credit union collectors must know the law and have the right forms, letters, policies and procedures in place in order to avoid potential liability for their credit union. Attendees will learn how to identify and spot any operational errors and correct them with proper repossessions procedures and forms before their credit union gets sued.

Collectors of all experience levels will benefit from this seminar and all collectors will emerge from this day long training knowing precisely what not to do, what to do, and how to do it.

Day 2: Bankruptcy

With nearly 800,000 bankruptcies filed in 2017, never has it been more important for credit unions to refocus on bankruptcy training, an aggressive assertion of credit union rights in the bankruptcy courts, fighting bankruptcy fraud, and ensuring compliance with the bankruptcy automatic stay and discharge injunction. The Cornerstone Credit Union League bankruptcy seminars in 2018 will devote time, dialogue and expertise in these critical areas. Without a sound knowledge of member bankruptcies at your credit union, the credit union will miss many opportunities for recoveries, and at the same time will be exposed to the potential for real liability.

Credit unions and credit union bankruptcy specialists will be able to maximize the credit union’s return on its collateral with a firm grasp of the credit union’s rights under the Bankruptcy Code. Many important recent bankruptcy cases, forms and rules impact on the credit union operationally.

These seminars will be an in depth examination of credit union best practices when a member bankruptcy notice arrives including areas such as:

  • Successful handling of Texas Chapter 13 member bankruptcies
  • Critical Proof of Claim procedures, forms, redaction and more
  • Reaffirmation advice including forms completion and negotiation with debtors and debtor’s counsel.
  • Key collateral recovery methods including dealing with the automatic stay in bankruptcy
  • Many more issues critical to credit unions in particular.

The day begins with bankruptcy fundamentals and an update and refresher for experienced bankruptcy officers. We then move on to more advanced bankruptcy principles. Blalack & Williams attorneys practice credit union bankruptcy law in all four districts of this state.

Who Should Attend?

Presidents/CEOs/managers, loan officers, credit committee members/volunteers, collection officers, compliance officers, and any other credit union staff responsible for minimizing the credit union's exposure to bankruptcy losses, collections, or lenders in general would benefit from these seminars.

Dates & Location

Odessa, August 22-23

Early Bird Deadline: July 11
Complex Community CU
4519 E 51st St
Odessa, TX 79762
Register

Business casual dress is appropriate. Bring a jacket or sweater as room temperatures vary.

Schedule

8:30 a.m. - 9:00 a.m. Registration & Continental Breakfast
9:00 a.m. - 12:00 p.m. Session
12:00 p.m. - 1:00 p.m. Networking Lunch (provided)
1:00 p.m. - 4:00 p.m. Session

*Includes 2 refreshment breaks

Presenters - The Blalack | Williams Team

Mike Blalack

Mike BlalackMike Blalack is a credit union attorney from Dallas, Texas, with the law firm of Blalack & Williams, P.C. He is a graduate of the SMU School of Law and has been representing credit unions for over 40 years.

Mike’s practice is limited almost exclusively to the representation of credit unions. He provides collections training in-house for credit union staff as well as at Conferences extensively throughout Texas for the Cornerstone Credit Union League where he is consistently one of the League’s highest rated speakers.

In addition to his collections, regulatory and compliance training, Mike regularly advises, counsels and trains the various Boards of the many credit unions which he represents. He presents onsite training for Directors as well as Conference training. His Director training focuses on practical advice designed to help volunteers properly fulfill their fiduciary duties and avoid liability.

Tom Sharp

Tom Sharp will celebrate 20 years with Blalack & Williams, P.C. this year. During this time, he has represented credit unions in Federal, State, and Bankruptcy Courts across Texas. He has handled over 10,000 bankruptcy cases for credit unions and has appeared in person in all four districts of Texas. Tom conducts seminars on bankruptcy and collection matters regularly. He is a graduate of Baylor University in Waco, TX, (B.A.) and John Marshall Law School in Chicago, IL (J.D.).

Sharon Sjostrom

Sharon Sjostrom is a partner with the law firm of Blalack & Williams. Sharon began her practice representing credit unions following her graduation from Baylor Law School. She has practiced law for many years in many state and federal courts across the State of Texas.

In addition to assisting credit union clients with advice and counsel on an individual basis, Sharon presents seminars and provides in house training for credit union employees. Due to her longevity in the credit union legal field, she has vast knowledge and extensive experience on a wide variety of credit union issues, including, bankruptcy, foreclosures, litigation, operational issues, vendor contract reviews, regulatory and compliance matters and personnel issues,

The unique breadth and depth of Sharon’s experience provides a strong foundation of real world knowledge and experience that helps all of her clients successfully make larger recoveries in bankruptcy cases.

Charles Williams, III, Esq.

Charlie WilliamsCharles Williams, III, Esq. is a founding shareholder and principal of Blalack & Williams, P.C. For nearly three decades, he has concentrated his practice on the representation of credit unions and financial service providers, specializing in state and federal regulatory affairs, lending and deposit account systems and policy development, bankruptcy representation and consumer credit issues.

Charlie is a member of the Dallas Bar Association, the Corporate, Business and Bankruptcy Law section of the State Bar of Texas, and the Texas Association of Bank Counsel. He is a member of the Business Law section of the American Bar Association and serves on the credit union operations subcommittee. Charlie is a frequent instructor and lecturer around the country for state credit union leagues, trade associations, credit union chapters and individual financial institutions addressing bankruptcy issues, deposit and lending compliance topics and other operational, managerial and regulatory issues. He serves as an adviser to numerous businesses serving financial institutions in the development of lending and deposit account forms, and he advises his credit union clients in the formulation and maintenance of contractual relationships with their vendors and service providers.

Rob Woodcock

Rob is a credit union attorney who has been practicing with the law firm of Blalack & Williams, P.C. for over 15 years.  He is part of the litigation group and he focuses on collections and creditors rights.

Continuing Education Units

Requests for certificates are processed after the event. Contact Janine McBee, CUDE, Sr. Training Director at 800-442-5762 ext. 6634 or email jmcbee@cornerstoneleague.coop for additional information or questions. Please specify type of certificate needed.

CPE Certificate (for CPAs) - Participants will earn 6.5 CPE Credits per day
Field of Study: Business Law
The Cornerstone Credit Union League is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Certificate of Attendance with seminar description & schedule
Email Janine McBee to request either CPE or Certificate of Attendance: jmcbee@cornerstoneleague.coop.

Program Level

Basic. This is a group live workshop with interactive exercises. No prerequisites or advanced preparation required.

In order to be awarded the full credit hours, you must be present, registering your attendance and departure on the attendance sheets at the registration desk.

Educational Investment

Fee Per Person/Per Seminar

League Member Early Bird - $249
League Member Regular Rate - $299
Non-Member Rate (CUs in Cornerstone region only) - $498

Limited number of registrations available. Register early to secure your seat. Walk-ins accommodated on a space available basis. Your investment includes instruction, extensive handouts, continental breakfast, lunch, and two (2) refreshment breaks.

Registrant Cancellation Policy

Refunds will be granted (less a $50 processing fee) for cancellations received on or before six weeks prior to the seminar. No refunds will be granted within six  weeks of the start date. Substitutions are always welcome.

Seminar Cancellation Policy

If registrations are less than 20 three weeks out, or unforeseen circumstances occur, the workshop may be cancelled. In event of cancellation, all registrants will be notified via email and phone calls. An update will also be placed on CSCUL websites and through social media channels. Paid fees will be refund.

Questions?

If you have questions regarding these seminars, call 800-442-5762 ext. 6634 or 469-385-6634 or email jmcbee@cornerstoneleague.coop.

If you have physical, medical, or dietary needs requiring special attention, please contact us for proper arrangements to be made. For more information regarding administrative policies, such as complaint or refund, please contact us at 800-442-5762 ext. 6630.