Collection Series: Chapter 7 & 13 Consumer Bankruptcies: Special Rules, Cramdowns & Risks

This is a 90-minute webinar.

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Is bankruptcy the end of the line? Can anything be done to protect your financial institution’s interests? Join us to learn all the special processes lenders can use to preserve their interests in consumer bankruptcies.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Determine when a proof of claim should be filed
• 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 can be done after the debtor is discharged
• Identify when the debtor can voluntarily agree to pay the lender

WEBINAR DETAILS

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.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session will benefit loan officers, loan operations personnel, credit administration personnel, collectors, attorneys, managers, and others involved in the bankruptcy process.

TAKE-AWAY TOOLKIT

• Links to the U.S. Bankruptcy Court to obtain fillable online forms
• Employee training log
• Interactive quiz

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.