Our bankruptcy compliance and regulatory advice lawyers partner with in-house legal departments, management and operational staff at financial institutions to help them navigate the current bankruptcy regulatory environment. Our team includes lawyers that have served separate stints as temporary in-house bankruptcy counsel to various clients, including a Fortune 100 financial institution and one of the nation’s leading servicers. Additionally, nearly all the members of our team have spent significant time on-site with our financial services clients, fully immersed in their bankruptcy departments and systems of record, working closely with key bankruptcy personnel to address the wide-ranging issues that our clients’ bankruptcy departments face.

Serving as trusted legal counsel, we have the experience and perspective to help clients avoid potential statutory or regulatory violations by addressing bankruptcy compliance and consumer financial protection issues proactively while keeping in mind the limitations on our clients’ financial, human, and IT resources. These preventive measures minimize or even eliminate litigation, financial repercussions, and other business disruptions.

To ensure compliance with the Bankruptcy Code provisions, Bankruptcy Rules, local rules, administrative orders, and servicing standards established by federal and state regulators, Bradley attorneys:

  • Conduct risk assessments to determine potential gaps in client bankruptcy practices
  • Draft new policies, procedures, user manuals, process flows, jurisdictional guidance, training materials and correspondence related to bankruptcy
  • Revise existing policies, procedures, quality control and quality assurance measures and training programs
  • Evaluate the compliance of third-party vendors providing bankruptcy services
  • Design and implement bankruptcy-related remediation projects to address prior compliance deficiencies
  • Conduct in-house training
  • Respond to requests for formal information from federal and state regulators and United States Trustees
  • Assist clients in the negotiation of the bankruptcy provisions of consent orders
  • Advise clients on the bankruptcy aspects of the testing metrics under existing consent orders
  • Advocate for clients by preparing comments to potential regulatory changes impacting bankruptcy
  • Advise clients in the management of bankruptcy litigation portfolios