NorthLegal Webinar: Handling Real Property-Secured Loans in Chapter
7 Bankruptcy
Thurday, October 18, 2012
12:00 to 1:30 p.m.
Internet Training by Credit Union Attorney Eric
North
Eric will discuss:
- What effect does a Chapter 7 bankruptcy have on a loan secured by
real property? Does it make any difference if the property is the
borrower's principal residence?
- How did the Circuit Court of Appeal for three states justify
allowing a debtor to completely strip off a real property secured lien?
Is it likely other circuit courts will follow?
- Should you file a proof of claim in Chapter 7 cases?
- Is there any reason to ask for a reaffirmation in Chapter 7 cases?
Is there any reason a debtor should agree to one? How is the
reaffirmation process different for real estate loans than for other
types of loans?
- What effect does the automatic stay have on pending foreclosures? On
foreclosures completed just before the bankruptcy?
- What collection problems may you encounter with respect to real
property secured loans long after a Chapter 7 bankruptcy has
concluded?
- May you modify a real property secured loan after the borrower's
liability has been terminated in Chapter 7 bankruptcy? What are the
risks, and how can you mitigate against those risks?
- What tools does a borrower's Chapter 7 bankruptcy give you that-if
used properly-can help your financial institution make wise decisions
and prevent unnecessary loss?
Like other NorthLegal Webinars, this program gives you the
opportunity to train several staff members for a single low price, right
in the convenience of your office!
For more information, visit http://www.northlegal.com/webinars.php and
click on the link for this program at the top of the list, or call
NorthLegal Training and Publications at (623) 537-7150
