This is a rebroadcast.
Financial institutions are susceptible to significant losses due to improper interactions with borrowers who have filed consumer bankruptcies. What are they doing wrong? Why don’t they know how to respond properly? Most of the lending institution representatives may be unaware of the procedural requirements of Chapters 7 and 13.
- Chapter 7 & Chapter 13 Overview
- What happens when a borrower files bankruptcy
- Knowing the difference between a secured claim and an unsecured claim
- What to expect in a Chapter 7 proceeding & how to respond
- How to effectively advocate your rights in a Chapter 7 proceeding
- When to file a motion for Stay Relief in a Chapter 7 proceeding
- When & how to file a Proof of Claim
- Understanding Reaffirmation of Secured Debts
- What is the effect of a discharge in Chapter 7
- How Chapter 13 differs from Chapter 7
- What to expect in a Chapter 13 Proceeding & how to respond
- How to comply with the deadlines for filing objections, proofs of claims, and responses to the Debtor’s pleadings
- When to file a proof of claim in Chapter 13
- Should the proof of claim be bifurcated prior to the confirmation of the plan
- Understanding timely objections to the plan of reorganization
- The impact of bankruptcy confirmation on the lending institution
- Case Studies
Who Should Attend
Employees of banks and credit unions who will likely deal with consumers that have or are filing Chapter 7 or 13 Bankruptcy. That includes: in-house counsel, attorneys, presidents, vice presidents, branch managers, loan officers, loan department personnel, credit and collection managers, business owners and managers, directors, controllers and accountants.