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Banking on Credit Unions is your one-stop podcast for the intricate yet intriguing world of Collections, Bankruptcy, and Foreclosure law for Credit Unions. Expertly hosted by Jim Sorenson of SVL Law, we illuminate the complex landscape of these legal areas that can profoundly impact credit unions' trajectory. Each week, we discuss cases, analyze rulings, and unveil legal strategies to inform, empower, and uplift your credit union.
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Understanding the Proposed Rule Changes to Rule 3002.1 in Bankruptcy
28:32
28:32
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28:32
In this episode of Banking on Credit Unions Podcast, we dive into the proposed rule changes to Rule 3002.1 in bankruptcy. Join us as we break down the implications of these changes and what they mean for credit unions and their members. We'll explore how these rule changes could impact the treatment of written assets and how credit unions can navig…
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Revise to Rise: The Importance of Regular Reviews in Collection Procedures
25:20
25:20
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25:20
On this episode of Banking on Credit Unions, hosts Attorneys Jim Sorensen and Blair Boyd emphasize why regular audits of collection letters and procedures matter. They share cautionary tales of how small issues ballooned into major lawsuits and extra costs. Tune in to hear their recommendations for keeping compliant and efficient with reviews every…
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Plan B in Chapter 13: Post-Confirmation Modifications
29:32
29:32
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Need a backup plan for your Chapter 13 bankruptcy? Tune into this episode of Banking on Credit Unions as Attorneys Jim Sorensen and Blair Boyd discuss options for post-confirmation modifications. When a debtor runs into trouble after their Chapter 13 plan is confirmed, is revising the plan possible? Learn about the legal standard for modifications,…
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Behind the First: Winning Moves for Second Mortgage Holders
32:55
32:55
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32:55
When a second mortgage goes into default, the options for lenders are complex. Foreclosure? Wait for the first to foreclose? Or just sue on the note? On this episode of Banking on Credit Unions, hosts and Attorneys Jim Sorensen and Steve Orsillo dive into the intricacies surrounding defaulted junior lien mortgages. They discuss the pros and cons of…
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Navigating the Legal Landmines of Collections Communication
36:43
36:43
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36:43
Collecting delinquent debt is a tricky business—make one misstep communicating with borrowers, and you could face serious legal consequences. In this Banking on Credit Unions episode, Attorneys Jim Sorenson and Steve Orsillo walk through the ins and outs of collections communication. Learn what laws apply to phone calls, texts, emails, and even doo…
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The Repossession Dilemma: Unveiling Legal Tactics to Retake Stolen Collateral
26:54
26:54
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Unveil legal tactics to reclaim stolen collateral, particularly focusing on elusive vehicles. Join Banking on Credit Unions host Attorneys Jim Sorensen, and Tyler Van Leuven as they dive into the perplexing world of repossessions. Discover how to deal with debtors who hide collateral, the power of filing a replevin, and the strategic use of deposit…
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Breaking Down New Laws: Florida's Impact on Credit Unions
30:20
30:20
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From updates to payoff letters to new laws on real property, this informative discussion will provide valuable insights. Join Banking on Credit Unions hosts Attorneys Jim Sorensen and Stephen Orsillo as they dissect the recent legislative changes in Florida that directly affect credit unions. Gain exclusive access to legal insights tailored specifi…
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Unlocking Opportunities: A Strategic Guide to Navigating Foreclosure Challenges
32:28
32:28
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32:28
Foreclosures come with their fair share of obstacles, but knowledge is power when overcoming legal hurdles. Join Banking on Credit Unions hosts Attorneys Jim Sorensen and Stephen Orsillo as they map out strategic solutions to tackle delays, complications, and more in Florida foreclosure cases. Gain insight from these legal experts on how to keep yo…
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Repossession Rules: Navigating Notice Requirements to Avoid Legal Pitfalls
29:42
29:42
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29:42
When it comes to repossessing vehicles, do you know the legal notice requirements? On this episode of Banking on Credit Unions, Attorneys Jim Sorensen and Tyler Van Leuven demystify the repossession notice laws in FL and GA. Learn what notices must be given before and after repossession, common mistakes to avoid, and best practices for compliance. …
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Turning Judgments into Dollars: A Step-by-Step Guide for Creditors
26:31
26:31
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Getting a judgment against a debtor is just the first step - collecting the money owed takes know-how. In this episode of Banking on Credit Unions, hosts Jim Sorensen and Blair Boyd walk through the legal processes and remedies creditors can use to satisfy judgments. You’ll learn to record liens, levy personal property, garnish wages and bank accou…
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Navigating Bankruptcy: Key Strategies for Credit Unions
31:05
31:05
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31:05
Filing bankruptcy can be complicated for credit unions. In this episode of the Banking on Credit Unions, hosts Jim Sorensen and Blair Boyd outline key strategies your credit union needs to know when a member file for bankruptcy. Learn what actions violate the automatic stay, how to manage accounts after a bankruptcy, and when you need to get your l…
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An Introduction to Banking on Credit Unions Podcast
8:56
8:56
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Join us for the premiere of Banking on Credit Unions! 🎙️ Host Jim Sorenson and SVL Law break down credit union law essentials - collections, bankruptcy, foreclosures, and more. Perfect for industry newcomers and those needing a refresher. Meet our specialty SVL Law team for weekly Q&A. Subscribe for legal know-how and stay compliant. New episodes e…
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