Dealing with Debtor Bankruptcy – OnDemand



The constant turmoil in the economy both in the US and abroad has made bankruptcy more prevalent than ever before. In this program Scott Transue will cover some of the new laws and statutes that affect your clients and your practice.

Learning Objectives:

  • Understanding the 5 different types of bankruptcy: Chapter 7,9,11,12,13
  • What each type of bankruptcy means, both for the debtor and creditor
  • “Collection” protocol versus “Bankruptcy” protocol
  • New bankruptcy law passed in 2005 – Makes Chapter 7 much harder (walk-away bankruptcy)
  • A debtor tells me they are filing bankruptcy – Now what?
  • Your rights as a creditor during any bankruptcy proceeding
  • How to fully protect what you are owed
  • Strategy if you’re never notified of a debtor’s bankruptcy

Credits You’ll Earn:

FL 2g/2cert, SC 1.5g


  • g = general
  • e = ethics
  • cert = business litigation certification
  • self = Self study


Scott Transue is an Enrolled Agent based out of Albany, New York. He owns his own tax preparation and representation firm, and has personally completed over 500 individual tax returns. He has unlimited representation rights for taxpayers and companies experiencing issues with the IRS.
He received a Master of Public Administration degree from the State University of New York at Albany. His professional career has included time as Commissioner of Finance for the City of Gloversville, New York and as a Senior Accountant with the New York State Department of Environmental Conservation.