This is the day every lender dreads – the day you receive notice that your
borrower filed bankruptcy. Now what? For a lender, the consumer bankruptcy
process is complicated, time - consuming, and expensive. Many lenders waste
time and money handling bankruptcies because they don’t understand the
available options. This webinar will explain the actions that must be taken to
protect your financial institution’s interests, and the actions that are
prohibited. It will focus on the basics, but will also address more advanced
bankruptcy concepts such as fraudulent transfers, preference payments, cram -
downs, and reaffirmation agreements.
- When are lenders required
to file a proof of claim?
- When is foreclosure on collateral permitted?
reaffirmation agreements a good idea?
- When can lenders exercise the right of
setoff in a bankruptcy?
- What can be done after the debtor is discharged?
- Can the debtor voluntarily agree to pay the lender?
Elizabeth Fast, JD, CPA , Spencer Fane LLP
Live and recorded webinar, handouts, quiz with answer key and training log are included.