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Handling Delinquent Customers: Legal Action and Collection Methods - Webinar

  • ID: 4464307
  • Webinar
  • April 2018
  • Region: Global
  • 60 Minutes
  • Lorman Business Center, Inc.
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Understand how to take legal action when dealing with delinquent customers to gain a better account receivable status.

Many business owners and corporate professionals do not properly address the past due accounts owed to their businesses. They fail to maximize the collection of account receivables and have not implemented a strategic collection policy. As the saying goes an ounce of prevention is worth a pound of cure and knowing what constitutes a comprehensive, enforceable and ironclad contract and credit agreement with customers is step one. Understanding how to avoid violating debt collection and bankruptcy laws is also essential. If litigation is necessary for pursuing a debt, properly obtaining, perfecting and enforcing a judgment is a prerequisite for an effective collection strategy. Learn all the above for properly handling delinquent customers and implementing strategic debt collection methods.

Learning Objectives
  • You will be able to recognize the benefit of comprehensive customer contracts and the importance of certain must have clauses.
  • You will be able to identify the essential information to obtain from your customers in their credit applications.
  • You will be able to review how to obtain, enforce and collect court judgments against debtors.
  • You will be able to explain how to avoid violating certain debt collection and bankruptcy laws.
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  • Intro/Importance of Implementing a Formal Collection Process
  • Best Practices for Contracts/Credit Agreements
  • Customer Information (the More the Better)
  • Attorney's Fees Provision
  • Personal Guaranty/Spouse Signature
  • Legal Considerations - Venue; Jurisdiction; Choice of Law
  • Avoiding Violations of Debt Collection and Bankruptcy Laws
  • The Federal Fair Debt Collection Practices Act
  • The Bankruptcy Code's Automatic Stay Provision
  • Debt Collection Litigation
  • Venue and Jurisdiction Issues
  • Small Claims
  • Perfecting Judgment Lien Rights
  • Post-Judgment Collections
  • Post-Judgment Discovery - Document Production; Depositions
  • Garnishment
  • Execution, Levy and Sale
  • Fraudulent Transfers and Third Party Claims
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Hans C. Wahl, Esq. - Jimerson & Cobb, P.A.
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This webinar is designed for credit and collection managers, attorneys, presidents, vice presidents, loan officers, loan department personnel, branch managers and accountants.
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