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Tips to Speed Up the Collection Process

Gain valuable insight into top strategies to speed up the collections process.

Many creditors fight with themselves and over what is perceived to be a very narrow pool of assets to satisfy various debts of a common debtor. This topic helps attorneys and clients better position themselves prior to judgment and then upon receiving judgment with the intent of being the first in time, first in right to various assets of a debtor to satisfy quickly and cost effectively underlying debts and judgments.

80 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • Locating Assets - Pre-Judgment Investigation and Whether to Secure Assets Prior to Judgment
  • Locating Assets - Post-Judgment

Collections and Subjecting Assets to Judgment

  • Exempt Property
  • Non-Exempt Property and Not-So-Obvious Assets (Corporate Entities, Spouses, Trusts)
  • Weighing Costs and Time With Various Collection Options

Pitfalls and Issues That Slow Down or Halt Collections

  • Competing Creditors
  • Debtor Defenses
  • Bankruptcy
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 18, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kimberly A. Steele, Esq.

Kimberly A. Steele, Esq.

The Steele Law Firm, P.C.

  • Founder and managing attorney of The Steele Law Firm, P.C., a multijurisdictional law firm
  • Practice emphasizes commercial litigation, commercial transactions, construction law and suretyship
  • Has extensive dealings in large volume banking and collection matters with attention to commercial foreclosures, loan workouts, UCC Article 9 issues, lender liability, creditors' rights, judgment enforcement, priority disputes, trust diversion and representing creditors in bankruptcy
  • Assists clients with collateral accounting, preservation, seizure and liquidation and represents commercial parties with respect to land development, financing, economic incentive programs, zoning, land use issues, environmental cleanup, minority business status, and multiparty program participation including with the Small Business Administration, Certified Development Companies, and Industrial Development and Community Development Agencies
  • Conducts regular seminars and workshops on numerous commercial collections and judgment enforcement
  • Author of several publications related to the areas of commercial collections and judgment enforcement
  • Graduated magna cum laude, Elmira College on a full academic scholarship; attended the Université de la Sorbonne in Paris, France on full academic scholarship; J.D. degree, Albany Law School of Union University
  • Previously served as corporate counsel and vice president of commercial sales of a Central New York community bank
  • Can be contacted at [email protected] or 877-496-2687
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405692
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