Bankruptcy 101 - Essentials of Bankruptcy for Creditors and Debtors

  • Bankruptcy
  • Continuing Legal Education Program (CLE)

•Summary of differences between Chapter 7, 11, 13, and 12 

        o Business bankruptcy fundamentals   

        o Consumer bankruptcy fundamentals
•When to advise your client to seek bankruptcy counsel
•How to read the schedules and statements and what they mean
•When is there a trustee and what is the role of the trustee
•The first meeting of creditors.  When is telephonic participation allowed
•What is a reaffirmation agreement  
•Resource information:  link to the local bankruptcy court website.  
•The automatic stay:  what does it mean and who does it protect.
•What are exemptions; federal versus state exemptions. 
•Relief from stay, the mechanics.  
•Filing of a proof of claim and the importance of the same.  
•The means test (Chapter 7 not always an option)  
•What happens in a Chapter 13 (lender beware, Chapter 13 pitfalls)  
•Non-discharge actions


More Information

  • CLE Credit Comments: 4.0 General CLE Credits – CLE #2019-027
  • Contact:
    Alaska State Bar