The number of consumer bankruptcies continues to increase. The process is complicated, time-consuming, and expensive for lenders. Many lenders waste time and money handling bankruptcies because the bankruptcy rules aren't clearly understood. This webinar will explain the actions required to protect your financial institution's interests in each bankruptcy situation. It will cover both Chapter 7 and Chapter 13 bankruptcies and explain all the processes, including exempt property, fraudulent transfers, preference payments, cramdowns, reaffirmations, and rights of setoff.
- Determine when a proof of claim should be filed
- Understand the appropriate time to repossess and foreclose on collateral
- Know when a cramdown is permitted
- Explain how to properly complete a reaffirmation agreement
- Understand what can be done after the debtor is discharged
- Identify when the debtor can voluntarily agree to pay the lender
- Links to the U.S. Bankruptcy Court site to obtain online forms
- Employee training log
- Interactive quiz
WHO SHOULD ATTEND?
This informative session will benefit loan officers, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the bankruptcy process.
MEET THE PRESENTER- Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.
- Live - $245
- Recorded & Digital Copy - $245 plus tax
- Live, Recorded & Digital Copy - $320 plus tax