Legal and Regulatory Compliance

Our credit union philosophy is reflected in our work and options. In this litigious era, credit unions need options that will help protect them in an affordable manner.

Benefit of 600+ Credit Union Participants: Our resources incorporate input and experiences from Credit Unions from around the country. Thus, you will find timely, practical and relevant resources and up-to-date items. Real day-to-day applications and events are what we find to be most helpful to our credit union clients.

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Due Diligence

Our clients are engaging in more and more third-party relationships, which allow credit unions access to more products and services and allows for the benefit of external expertise. This outsourcing results in increased member services, competitiveness, economies of scale, increased delivery channels, and allows our clients to reach new members.

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Bankruptcy

Representation of Creditors:

The lawyers of Sherpy & Jones believe in providing responsive service to its clients that enables them to navigate the bankruptcy system to their highest benefit. Our clients are able to successfully avoid unnecessary losses by receiving practical advice and guidance based on decades of combined experience. We are available to attend and question debtors at §341 meetings of creditors, draft and present reaffirmation agreements, and object to flawed Chapter 13 plans.

Our lawyers work to ensure that creditors receive adequate protection, that debtors obtain insurance covering collateral, and that Proofs of Claims are properly filed to allow for the full benefit of cross-collateralization, if appropriate. We frequently obtain relief from the automatic stay so that collateral may be reached and sold. While we concentrate on cases falling under Chapter 13 and Chapter 7 of the bankruptcy code, our attorneys also handle complex cases falling under Chapter 11 as well as Adversary Proceedings.

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Collections

Representation of Creditors:

Our attorneys do more than simply obtain judgments against debtors who reside in South Carolina. We provide a full range of approaches to dealing with delinquent members and customers. From demand letters, to Confessions of Judgment, to Supplemental Proceedings, our clients are provided comprehensive solutions to varying challenges.

We frequently handle Claim and Delivery matters for the successful and swift return of collateral, and we are practiced in Supplemental Proceedings/ Rule to Show Cause actions to force debtors to obey court orders for immediate and permanent possession. We are also available to domesticate foreign judgments in South Carolina.

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Foreclosure

Representation of Creditors:

South Carolina is a judicial foreclosure state. We pursue foreclosure for our creditor clients, including complex issues involving probate / estate property, quiet title actions, and the creation of easements to encumbered real property. Our attorneys are able to cure a whole host of problems created by a problematic mortgage closing or defective chain of title.

We also represent creditors with junior or subordinate liens on real property being foreclosed, in a defensive posture, to help ensure that the client’s rights are protected. Our lawyers are trained to represent judgment creditors in surplus funds hearings and file claims on their behalf.

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Site News

WebEx Sessions for January 2019 - Tuesday, December 4, 2018

Register At:

https://sherpyjones.webex.com

ODP – Everything: This I categorize as a high risk item everyone must have fully addressed from a legal, compliance and risk management and mitigation point of view. A single miss here can cost you dearly. Thus, we will cover the ODP Rules from the beginning, the history of regulatory actions and litigation, the lessons I have learned from ODP Compliance assessments to ensure you have a full understanding of the issues. Then we will address the specific disclosure obligations, compliance expectations and risk mitigation tools you should consider. Date: January 9 // Time: 2-3:15 PM // Presenter: Todd Sherpy //  Session Number: 662 599 928 // Password if Requested: florence



Compliance Planning 2019: What are the issues you need to ensure the Credit Union has addressed going into 2019? What are the regulators looking at? What lessons can be gleaned from examinations in the last 6 months of 2018? What have the regulators told us they consider the top compliance issues to be in 2019? What is coming this year? What other concerns do we foresee – such as litigation? We will answer all of these questions and more; and provide practical insights that will allow you to manage compliance risk as we work through this new year.  Date: January 24 // Time: 2-3:15 PM // Presenter: Todd Sherpy // Session Number: 665 547 674 // Password if Requested: bolgheri