Gain an understanding of how to collect outstanding amounts owed through judicial and nonjudicial methods.
When a commercial business defaults on a loan or other contractual agreement, and it is apparent that payment will not be forthcoming, time is of the essence to preserve the creditor's rights and begin the collection process immediately. This course will explore the collection process to understand how to preserve the creditor's rights and efficiently and effectively collect the outstanding amounts owed through judicial and nonjudicial methods. The material will review judicial and nonjudicial collection remedies and when each is appropriate. Failing to understand the available collection methods for commercial debts and to act quickly can cause delays and expenses that are unnecessary. This information is critical for commercial businesses and lending institutions to help them understand the various collection methods available and the situations when each should be employed.
Agenda
Faculty
Emily M. Coyle
Plunkett Cooney, P.C.
- Member of Plunkett Cooney, P.C.’s Banking, Bankruptcy and Creditor Rights Practice Group
- Focuses practice primarily on the collection of commercial loans and debts along with loan modifications and workouts
- Represents a large range of clients in litigation involving commercial debts from national banks to small businesses, and remains active in the Federal Bar Association, American Bankruptcy Institute, and Debtor/Creditor Committee of the Oakland County Bar Association
- Presented workshops on various collection issues from fraudulent transfer litigation to the benefits of receiverships, and foreclosure law
- J.D. degree, magna cum laude, Western Michigan University Cooley Law School; B.S. degree, Juniata College
- Can be contacted at 248-594-8613 or [email protected]
Michael A. Fleming
Plunkett Cooney, P.C.
- Partner in Plunkett Cooney, P.C.’s Banking, Bankruptcy and Creditor Rights Practice Group, has represented creditors in bankruptcy for over 35 years
- Represents clients in numerous aspects of commercial and secured transactions, including loan workouts, foreclosures, commercial loan collections, business reorganizations, creditors’ rights, and business bankruptcy reorganizations
- Named a Best Lawyer in America for bankruptcy and creditor-debtor rights every year since 2015 and has achieved the highest rating in the Martindale-Hubbell Law Directory
- Member of the Turnaround Management Association and American Bankruptcy Institute
- J.D. degree, cum laude, Wayne State University Law School; B.A. degree, magna cum laude, University of Michigan-Dearborn
- Can be contacted at 248-901-4095 or [email protected]
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