Bankruptcy 101 and the Role of the Bankruptcy Paralegals and Associates

This session introduces the foundational concepts of bankruptcy law, including its historical origins and constitutional basis. Participants will learn about the different bankruptcy chapters (7, 11, 12, 13) and understand how the Bankruptcy Code serves honest but unfortunate debtors while balancing creditor interests.

This session explores Chapter 7 liquidation bankruptcy, including income qualification through the means test and asset exemption requirements. Attendees will learn about critical documentation needs, common mistakes that can result in asset loss, and how the automatic stay provides immediate protection from creditors.

This session covers Chapter 13 reorganization bankruptcy as a powerful tool for resolving mortgage arrears, removing liens, and cramming down auto loans. Participants will discover strategic advantages including tax debt resolution, lien stripping on underwater properties, and the flexibility to convert from Chapter 7 when needed.

This session addresses the paralegal’s critical role in bankruptcy practice, from client communication and document gathering to issue spotting and record keeping. Attendees will learn about avoiding unauthorized practice of law, maintaining confidentiality, using bankruptcy software effectively, and organizational strategies for managing complex caseloads.