Collection Laws & Bankruptcy Fundamentals

Collection Laws & Bankruptcy Fundamentals

Thursday, September 15, 2022 (11:00 AM - 12:30 PM) (CDT)

Description

When engaging in commercial collections, it is important to be aware of the laws that have an impact on the creditor/debtor relationship which govern the underlying commercial transaction that gives rise to the debt you are attempting to collect. As a general rule, the laws of the state where the debt is incurred will govern all aspects of the debt. However, although collection laws vary among the states, there are certain common characteristics with which you should be familiar, which are shared by legislation dealing with commercial debt collections, and the nature of the debtors you will encounter in your commercial debt collection efforts.  Additionally, the Uniform Commercial Code (UCC), which has been adopted in some form in all U.S. states, is the primary statute which governs the commercial credit industry. A working knowledge of the provisions of the UCC can help you in your efforts to address and overcome many debtor reasons or excuses for nonpayment. This seminar will provide you with a general overview of the provisions of the UCC and of the common characteristics of other collection laws, that can help you in your commercial debt collection efforts.
Event Contact
Kelsey Voorhees
(952) 925-0760
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Thursday, September 15, 2022 (11:00 AM - 12:30 PM) (CDT)
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