You can evaluate your bank's potential exposure to customer bankruptcy by becoming familiar with the most commonly used bankruptcy chapters and the procedures that govern bankruptcy cases. Learn how to prepare for effective creditors' meetings and to take steps to maximize your priority position.

The Sheshunoff Practical Guide to Bankruptcy: Protecting the Bank Against Bankruptcy-Related Losses is a hands-on guide for protecting a financial institution's interests when it becomes involved in a bankruptcy proceeding, and helping bankers boost the recovery rate on their delinquent and negative-balance loans and slash their delinquency ratios.

The Sheshunoff Practical Guide to Bankruptcy:

• Provides checklists of actions that should be taken when the bank learns of its borrower's filing
• Describes actions that must not be taken against a borrower who has filed for bankruptcy
• Includes official bankruptcy forms with explanations and guidance
• Provides sample checklists, letters, and legal documents
• Cites relevant case law and statutes, and Includes updated federal bankruptcy statistics.

If your borrowers end up in bankruptcy court, this manual can save you some of the time you would otherwise spend " learning the ropes" from your attorney. It does not replace your legal counsel, but it supplements your knowledge and gives you a roadmap of the process. Topics include:

1. Overview
2. The Automatic Stay
3. Discharge of Debts
4. Creditor Issues
5. Bankruptcy Filed under Chapter 7
6. Bankruptcy Filed under Chapter 13
7. The Official Forms

You'll get updates on approval with information on new legislation, case law, and best practices and procedures. An accompanying CD includes not only the text, but also copies of all of the official forms and other materials.

Take steps now to protect your bank against the increase in bankruptcy filings. Order the Sheshunoff Practical Guide to Bankruptcy: Protecting the Bank Against Bankruptcy-Related Losses now with our Guarantee to improve your risk management techniques! Call 1-800-456-2340 or click above to order.

Our Expert Author Gives You the Benefit of His Hands-On Experience.

David A. Reed is an author, consultant and nationally recognized speaker. He received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989. Formally, Mr. Reed was Vice President and General Counsel for Apple Federal Credit Union in Fairfax, Virginia. In his role as chief legal officer he established institutional legal policy, provided legal advice to the Credit Union concerning a variety of matters including the establishment and revision of Credit Union policies and procedures, organization compliance with federal regulations, contractual agreements, regulatory matters, and corporate governance. David has been selected to train NCUA Field Examination and Audit staff on Bankruptcy matters. He is an NCCO (NAFCU Certified Compliance Officer.

Mr. Reed currently serves as editor of several manuals including Sheshunoff’s Debt Collections Manual; and Sheshunoff’s Practical Guide to Bankruptcy.

You might also be interested in:

• Debt Collection Manual
• Senior Loan Officer's Desk Reference
• Structuring and Drafting Commercial Loan Agreements
• Pratt's Lender Liability Law Report

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