Overview of Bankruptcy Procedure, Proofs of Claim, and Lien Stripping


CLE credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Attorneys who take this course will get a general overview of the timeline for Chapter 7, 11 and 13 bankruptcies from filing until discharge. A more detailed analysis is provided about proofs of claim in bankruptcy. How and when to file proofs of claim, including amendment and objections to proofs of claim.

Key topics to be discussed:

•   General overview of Chapter 7, 11 and 13 process
•   Proofs of Claim
•   Lien Stripping
•   The 2018 amendments to the Rules of Procedure
•   Pending 2019 amendments

Date / Time: February 7, 2019

•   10:00 am – 12:00 pm Eastern
•   9:00 am – 11:00 am Central
•   8:00 am – 10:00 am Mountain
•   7:00 am – 9:00 am Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

All Access Pass: Before you buy, access this class and all other myLawCLE programs, over 120 new live classes every year, for only $69 dollars per month. Purchase the All Access Pass first. Click here for more information.

Select your state to see if this class is approved for CLE credit.

Choose the format you want.


SKU: N/A Categories: ,
Original Broadcast Date: February 7, 2019

Magda Abdo-Gomez, Esq. is an attorney in Miami, Florida with over 30 years of experience representing taxpayers before the Internal Revenue Service, and in the US Tax Court. Her clients include individuals and businesses and are located throughout the United States. Although tax litigation is her primary area of practice, she also handles bankruptcy matters on behalf of debtors. She is an adjunct professor of law at St. Thomas University and has been teaching bankruptcy and several other courses since 2005.

Prior to setting up her private practice, Magda was a senior attorney with the Chief Counsel’s Office of the Internal Revenue Service in Miami, Florida for close to four years. For two of the four years, and in addition to her duties at the Chief Counsel’s Office, she was also a Special Assistant United States Attorney with the Department of Justice handling all aspects of Bankruptcy Court litigation on behalf of the Internal Revenue Service.

Magda received a Bachelor of Arts (summa cum laude) with majors in Mathematics and French from the University of Miami in Coral Gables, Florida. She received a Juris Doctor (JD) and a Masters of Law in Taxation (LLM) from the University of Florida.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

Automatic MCLE Approvals
All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NH, NM, NJ, NY, WV, and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

Applied MCLE Approvals
myLawCLE seeks approval via application in all other states that are not automatically approved through myLawCLE’s state accreditation. (Some states may take up to 4 weeks to send in final accreditation, however attendees will receive accreditation according to the date the class was taken—the state of VA may take up to 12 weeks.)

Accreditation on Formats: Live Video Broadcasts, “Live” Re-Broadcasts and On-Demand CLEs

Live Video Broadcasts
Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

“Live” Re-Broadcasts
“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, and LA]

On-Demand CLEs
On-demand CLE classes are available 24/7 via the myLawCLE portal. Attendance to these classes is monitored and recorded via our login process and a certificate of completion is issued upon the close of viewing the program. These CLEs can be viewed at anytime and only qualify for self-study CLE credits.

Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NH, NM, VT, NJ, NY, and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

myLawCLE Credit Guarantee
Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

Section I. Bankruptcy: An Overview
a) Governing Law
b) Commencing a Bankruptcy Case
        i. Types of Bankruptcies and Eligibility
        ii. Timeline for Case
                • Chapter 7
                • Chapter 11
                • Chapter 13

Section II. Proofs of Claim
a) What is a Proof of Claim?
b) Who files a Proof of Claim?
c) Time Frame for Filing Proof of Claim
d) Where to file Proof of Claim?
e) Amending a Proof of Claim
f) Objections to Proof of Claim
g) Reconsideration of Proof of Claim
h) Withdrawing a Proof of Claim

Section III. Liens and Security Interests
a) Avoiding Judicial Liens
b) Determination of Security Interest
c) Satisfaction of Secured Debt

Section IV. The 2018 amendments to the Rules of Procedure

Section V. Pending 2019 amendments