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

Collections Compliance Frontline & New Accounts Lending

On-Demand Webinar

StreamedOct 17, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

You just learned your borrower filed for bankruptcy.

Now what? Is this the end of the line? Can anything be done to safeguard your financial institution’s interests? This well-crafted webinar will delve into Chapters 7 and 13 bankruptcies and cover everything from compliant processes to cramdowns to exempt property to reaffirmation agreements and more.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Distinguish when a cramdown is permitted
Identify the appropriate time to repossess and foreclose on collateral
Determine when your institution should file a proof of claim
Explain how to properly complete a reaffirmation agreement
Understand what your institution can do after the debtor is discharged
Determine when the debtor can voluntarily agree to pay the lender

WEBINAR DETAILS

The consumer bankruptcy process is complicated, time-consuming, and expensive. Many lenders waste time and money handling bankruptcies because they don’t understand the rules.

This webinar will explain the actions that must be taken to protect your financial institution’s interests in each bankruptcy situation. It will cover Chapters 7 and 13 and will explain all of the bankruptcy processes, including exempt property, fraudulent transfers, preference payments, cramdowns, reaffirmations, and rights of setoff.

WHO SHOULD ATTEND?

This informative session will be useful to loan officers, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the bankruptcy process.

TAKE-AWAY TOOLKIT

Links to the United States Bankruptcy Court site to obtain forms that can be filled in online
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

TESTIMONIALS

"One of the most informative and easy-to-follow webinars that I have listened to!"

- Coty, Citizens Bank of Weston

"I actually enjoyed this webinar and followed the speaker's pace and content quite well. The speaker is very knowledgeable and has an excellent way of presenting complicated material in an understandable way."

- Adriann, Pioneer Bank