Bankruptcy & Collections Seminars

This year's live Bankruptcy and Collections seminars for Arkansas and Oklahoma credit unions will be presented as two virtual series, featuring Franklin Drake, attorney and expert on bankruptcy and regulatory compliance.

Who Should Attend?

Presidents, CEOs, managers, loan officers, credit committee members and 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.

Virtual Bankruptcy Series

For the insightful and robust Bankruptcy seminars, Drake will cover:

  • Bankruptcy ain’t beanbag
  • Overview of Chapter 7 and 13, including topics such as:
    • Freezing funds
    • Attending creditors meetings—when and why
    • Denial of privileges policies
    • When to close existing accounts
    • How to deal with employees who file bankruptcy
    • §722 Redemptions in Chapter 7 bankruptcies
    • The interplay of charge-offs and bankruptcies
      • The universal bankruptcy checklist for all secured lenders
      • CFPB—indirect auto lending
      • The redaction trap
      • The mortgage lender’s DIY guide to bankruptcy proofs of claim

Please send us any bankruptcy topics you would like to see addressed or questions for us to share with the presenter.

Dates & Times

Part 1: Oct. 20

9 - 11 a.m. CT

Part 2: Oct. 22

9 - 11 a.m. CT

Virtual Collections Series

Join Drake for the information-packed Collections seminars, where he will discuss:

  • 10 cardinal rules for proper repossession
  • Military Lending Act disclosure requirements and enforcement constraints
  • Complying with the Servicemembers Civil Relief Act (SMCRA)
  • Collection considerations in member business lending

Please send us any collections topics you would like to see addressed or questions for us to share with the presenter.

Dates & Times

Part 1: Oct. 27

9 - 11 a.m. CT

Part 2: Oct. 29

9 - 11 a.m. CT

Presenter - Frank Drake

Frank DrakeFranklin Drake has been a partner in the Raleigh, N.C., law firm of Smith Debnam Narron Drake Saintsing & Myers since 1994, following a 16-year practice specializing in creditor's rights, bankruptcy, and repossession law in Louisville, Ky. He has practiced in North Carolina, Kentucky, West Virginia, and the federal courts of southern Indiana. For more than 40 years, Drake has educated audiences on bankruptcy and regulatory compliance programs and webinars. He has advised major secured and unsecured financers on secured lending, bankruptcy, and regulatory compliance matters. He especially enjoys guiding clients around compliance pitfalls and how not to get sued.

Educational Investment

Fee Per Person/Per Two-Part Virtual Series

League Member Early Bird - $200
League Member Regular Rate - $250

A limited number of spots are available. Register early to secure your spot.

Registrant Cancellation Policy

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

Series Cancellation Policy

Cornerstone reserves the right to cancel or reschedule the series due to unforeseen circumstances. If the series is rescheduled and you are unable to participate, your fees will be refunded.


Call 800-442-5762 ext. 6630 or email us.