Your Consumer Borrower Filed Bankruptcy, Now What? Chapters 7 & 13

Collections Compliance Lending Operations

On-Demand Webinar:

StreamedSep 14, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

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 credit union’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

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 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.

TAKE-AWAY TOOLKIT

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 institution is prohibited. Print materials may be copied for eligible participants only.