12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
The consumer bankruptcy process is complicated, time-consuming, and expensive. There are numerous rules to understand before your institution can properly handle a consumer bankruptcy, and the rules vary depending on whether it is a Chapter 7 or Chapter 13 filing. This webinar will explain the actions that must be taken to protect your institution’s interests, warn against prohibited actions, and clarify the differences between Chapter 7 and Chapter 13 proceedings. This webinar will cover the basics, as well as advanced bankruptcy concepts, including preference payments, cramdowns, reaffirmation agreements, fraudulent transfers, and right of setoff.
Continuing Education: Attendance verification for CE credits upon request
- What are the differences between a Chapter 7 and a Chapter 13 bankruptcy?
- When should you use reaffirmation agreements?
- When can collateral be repossessed?
- How can you exercise a right of setoff to deposit accounts?
- What can be done after the debt is discharged?
- Can the debtor voluntarily agree to pay your institution before and after discharge?
- What should be done about fraudulent transfers?
- TAKE-AWAY TOOLKIT
- US Bankruptcy Court publication, Bankruptcy Basics, which provides information about Chapter 7 and Chapter 13 bankruptcy processes that all creditors should know
- Link to the official site of the US Bankruptcy Court to obtain online fillable forms
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
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WHO SHOULD ATTEND?
This informative session will benefit loan officers, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the bankruptcy process.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.