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Upcoming League Events

 

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

 


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