Your Consumer Borrower Filed Bankruptcy, Now What? Chapters 7 & 13
Broke? Uncommunicative? Seemingly out of options? Is bankruptcy the end of the line for your borrower? Can anything be done to protect your financial institution’s interests? You must act fast to protect your bank’s options and security interests. Learn the actions and alternatives all lenders should know.
After This Webinar You’ll Be Able to:
- Determine when your institution should file a proof of claim
- Understand the appropriate time to repossess and foreclose on collateral
- Distinguish when a cramdown is permitted
- 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
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 both Chapter 7 and Chapter 13 bankruptcies 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 personnel, collectors, attorneys, managers, and others involved in the bankruptcy process.
- Website links to the United States Bankruptcy Court to obtain online forms
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
Meet the Presentor: 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. Fast 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.
- $279 – Live Webinar Access
- $279 – OnDemand Access + Digital Download
- $379 – Both Live & On-Demand Access + Digital Download