Collecting Bad Debts and the Fair Debt Collections Practices Act (FDCPA)
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed to familiarize accountants with the collections process. With the 2020 economic shut down it is possible many organizations will face collections issues. This course will outline the collections process including the use of collection agencies and attorneys to collect debts. Participants will be introduced to the Fair Debt Collections Practices Act. We will also discuss how to deal with debtors who file bankruptcy. Issues surrounding repossessions and foreclosures will also be covered.
Publication Date: July 2020
Designed For
CPAs, CFEs, CFFs, MAFFs, CIAs, CMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Outline the collections process
- Use of collection agencies and attorneys to collect debts
- Introduction to Fair Debt Collections Practices Act
- How to deal with debtors who file bankruptcy
- Issues surrounding repossessions and foreclosures
Learning Objectives
- Identify methods for collecting delinquent debts
- Identify the Fair Debt Collections Practices Act (FDCPA) and how it applies
- Recognize common reasons for bad debts
- Describe correct statements regarding collections
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
