Archived Webinar

How to Obtain and Document
Bankruptcy Reaffirmation Agreements

A NorthLegal Webinar presented March 26, 2020
Duration: 2:10 hours:minutes (Est.)

Cost | How to Attend | How to Obtain Handouts Register

Creditors want them. Debtors' attorneys hate them. Debtors often don't understand them. Courts vary on whether they will approve them. Congress was wary of them and established very specific rules for documenting them. Failing to comply with those rules can have serious consequences immediately or years later.

What are "reaffirmation agreements" anyway?

Why do you want them? If the debtor is paying, why does it matter? Why don't debtors' lawyers and some courts like them? Why do debtors file statements saying they will reaffirm, but then refuse to respond when you send an agreement? Are reaffirmations something you are entitled to get? What are your options if you can't get one? Can you get in trouble just for asking for a reaffirmation?

If the debtor will reaffirm, how should you prepare the paperwork? What is the "cover sheet" and what risks do you have when preparing it? Some of the things in the official forms don't make sense—can you make changes and, if so, how? Are you better off just letting the debtor's lawyer do the paperwork?

So many questions!

Attorney Eric North has prepared and litigated reaffirmation agreements for more than 25 years. During this webinar, he helps participants understand what the rules, your rights and your obligations really are. The program will include a discussion of—

What a "reaffirmation" is and what your rights are if the debtor (or the debtor's attorney or the court) refuses to give you one.
How to avoid trouble because of the way you ask for a reaffirmation agreement.
The two deadlines—one hard and one soft—for completing and filing a reaffirmation agreement.
Learn to create reaffirmations that will stand up in court!
Why there are two versions of the official reaffirmation form and how to complete each.
Risks when completing the reaffirmation "cover sheet" and how to deal with them.
Common errors creditors and debtors' attorneys make when completing reaffirmations and reaffirmation cover sheets.
Changes or notations to consider making to the reaffirmation forms and the reaffirmation cover sheet.
What to expect at a court reaffirmation hearing? Do you need an attorney?

Register


NOTE: This program is intended only for employees of consumer lending institutions. Please contact NorthLegal Training and Publications to obtain approval before registering if you are not an employee of a consumer lending institution.

Cost/Registration
The fee to attend this archived program is $190.00 if paid by credit card or $200.00 if paid by check. For that fee, you or someone from your financial institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for six months! Contact NorthLegal for information.)

How to Attend a Prerecorded Webinar | How to Obtain Handouts
To attend this NorthLegal Webinar, please do the following:

Register.  To register online using a credit card, visit the "Enroll Now" link shown in the box at the top of this page. To register by mail, call NorthLegal at 623.537.7150.
Check your email. Within moments after you complete the registration process you should receive two emails.  One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. 
Download the handout materials by clicking here.
Call NorthLegal to obtain the password to open the handout materials.
» NorthLegal Webinars
Speaker: Eric North

Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions and other financial institutions as an attorney with respect to litigation, compliance, governance, bankruptcy and collections matters since 1984. Eric has appeared in state and federal courts throughout the State of California, and has argued before the Ninth Circuit Court of Appeal.

Eric is also a nationally recognized speaker on legal issues relating to consumer lending institutions, and has presented hundreds of programs on behalf of national, state and local leagues and associations from around the country.

Live program scheduling conflict?

No problem! Registration for a NorthLegal webinar automatically entitles you to watch it live AND to watch the archived version as many times as you like for 180 days! 

If you or your staff can't make the live program, you still have plenty of time to watch when it is more convenient for you!