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In Bankruptcy, what you don’t know can hurt you!

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Question: 
What types of bankruptcy tracking reports should we prepare?
Answer: 

You should keep a bankruptcy log which tracks the chapter of bankruptcy, the loan type, the court and the debtor’s attorney. All of this information will help you formulate the most effective bankruptcy program. Knowing where the bankruptcies are coming from allows you to sign up for electronic filing system from that court. Knowing who your top bankruptcy attorneys are allows you to focus your attention on the specific strategies employed by those attorneys. Understanding the types of loans which are most likely to be included in the bankruptcy, allows you to better understand your bankruptcy risk and recovery strategies.

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Learn more about David Reed’s webinar

Bankruptcy Tune Up: 5 Things the Debtor’s Attorney Doesn’t Want You to Do

First published on 08/09/2020

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