Is bankruptcy the end of the line? Can anything be done to protect your
financial institution’s interests? Join us to learn all the special processes
lenders can use to preserve their interests in consumer bankruptcies.
- Determine when a proof of claim should be filed
- Understand the appropriate time to repossess and foreclose on collateral
- Distinguish when a cramdown is permitted
- Explain how to properly complete a reaffirmation agreement
- Understand what can be done after the debtor is discharged
- Identify when the debtor can voluntarily agree to pay the lender
The consumer bankruptcy process is complicated, time-consuming, and expensive. Many lenders waste
time and money handling bankruptcies because the bankruptcy rules aren’t clearly understood. This
webinar will explain the actions required to protect your financial institution’s interests in each
bankruptcy situation. It will cover both Chapter 7 and Chapter 13 bankruptcies and explain all the
processes, including exempt property, fraudulent transfers, preference payments, cramdowns,
reaffirmations, and rights of setoff.
Elizabeth Fast, 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.