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

When a borrower files for bankruptcy, lenders must move quickly while carefully navigating the restrictions imposed by the Bankruptcy Code. From the automatic stay to proofs of claim, reaffirmation agreements, loan servicing, and discharge issues, even routine collection or servicing activities can create significant legal and regulatory risk if handled incorrectly. This webinar will provide a practical overview of how consumer bankruptcies affect financial institutions, with a focus on the operational and compliance issues that arise in both Chapter 7 and Chapter 13 cases. Participants will learn what actions are prohibited, what rights creditors retain, and how to manage consumer loans throughout the bankruptcy process while minimizing risk.