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

Oct 04 2:00 PM - Oct 04, 2022 3:30 PM
Oct 04, 2022 2:00 PM - 3:30 PM
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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.



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. 




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance