UNION, N.J. (4/13/10)--The biggest challenge for credit unions involved in bankruptcy proceedings is that debtors are smart and they hold credit unions to the same standards as big banks and expect the same results, a bankruptcy expert Wednesday told the Union/Morris Chapter of the New Jersey Credit Union League. Debtors keep current with bankruptcy laws and they bring that knowledge to their case to keep their money, Andrew Altenburg, an attorney specializing in bankruptcy law, credit union representations and commercial litigation, told the chapter (The Weekly Exchange April 5-9). It is paramount for credit unions to protect themselves in these times of economic uncertainty by filing proofs of claim--particularly in Chapter 13 bankruptcy cases--Altenburg added. A positive trend in the bankruptcy arena is that debtors are receiving advice to join a credit union in the aftermath of a bankruptcy, Altenburg said. After going through bankruptcy, debtors have discharged their debt, making them a viable prospect for credit unions, which are more willing than big banks to lend to these debtors, Altenburg said.