Chapter 7 & 13 Consumer Bankruptcies: Special Rules, Cramdowns & Risks

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.

Learning Objectives

• 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.