Do you understand the available options for dealing with troubled commercial
loans? What is the risk exposure for each? What if the delinquency is COVID caused? Does the pandemic change any aspect of TDRs? Join us to learn
how to determine which collection option is best for your financial institution.
- Use and comply with the regulatory guidance issued to lenders dealing with troubled
loans caused by the COVID pandemic
- Evaluate the alternatives – deferral, workout, forbearance, receivership, deed in
lieu, marshalling of assets, repossession of personal property, foreclosure on real
property, and deficiency judgments
- Take the proper steps to accomplish each alternative
- Protect your institution from potential liability
- Describe what constitutes a troubled debt restructuring for reporting purposes
The COVID pandemic continues to impose significant adverse impacts on most commercial
businesses. Financial institutions have worked prudently with commercial borrowers who
have been unable to meet their loan obligations due to the COVID pandemic. But, where
do we go from here?
There are several alternatives to consider when dealing with troubled loans, including a
deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets,
repossession of personal property collateral, foreclosure on real property collateral, and
deficiency judgments. Each alternative has a certain amount of risk exposure and making
a mistake could result in losses that far exceed the loan amount. This webinar will cover
all aspects of each alternative and the related risks. Understanding the proper steps for
each scenario will help you properly evaluate which option is the best for your institution.
In addition, the webinar will address what constitutes a troubled debt restructuring for
reporting purposes related to the COVID pandemic.
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.