Chapter 7 & 13 Consumer Bankruptcies: Special Rules, Cramdowns & Risks
You just learned your borrower filed for bankruptcy. Now what? Is this the end of the line? Can anything be done to safeguard your financial institution’s interests? This well-crafted webinar will delve into Chapters 7 and 13 bankruptcies and cover everything from compliant processes to cramdowns to exempt property to reaffirmation agreements and more.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish when a cramdown is permitted
- Identify the appropriate time to repossess and foreclose on collateral
- Determine when your institution should file a proof of claim
- Explain how to properly complete a reaffirmation agreement
- Understand what your institution can do after the debtor is discharged
- Determine when the debtor can voluntarily agree to pay the lender
WEBINAR DETAILS
The consumer bankruptcy process is complicated, time-consuming, and expensive. Many lenders waste time and money handling bankruptcies because they don’t understand the rules. This webinar will explain the actions that must be taken to protect your financial institution’s interests in each bankruptcy situation. It will cover Chapters 7 and 13 and will explain all of the bankruptcy processes, including exempt property, fraudulent transfers, preference payments, cramdowns, reaffirmations, and rights of setoff.
WHO SHOULD ATTEND?
This informative session will be useful to loan officers, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the bankruptcy process.
