Your Customer Has Filed Bankruptcy, Now What?
WEBINAR OR ON-DEMAND WEB LINK
Wednesday, May 23, 2012
12 - 1:30 pm PT
1 - 2:30 pm MT
2 - 3:30 pm CT
3 - 4:30 pm ET
This is the day every banker dreads – the day you receive notice that your customer has filed bankruptcy. Now what do you do? This webinar explains the actions that must be taken to protect the bank’s interests, and the actions that are prohibited. It will examine the steps (and pitfalls) that bankers should know regarding Chapters 7, 11, and 13 of the Bankruptcy Code. This webinar will focus on the basics, but will also serve as a good refresher for those familiar with the bankruptcy process. It will also include a discussion of the new bankruptcy procedural rules that became effective December 1, 2011.
- What do bankruptcy terms mean (i.e., automatic stay, discharge, exempt property, fraudulent transfer, preference payment, cram-down, etc.)?
- What does a bankruptcy notice look like and how should it be handled?
- When is the bank required to file a proof of claim?
- Are reaffirmation agreements a good idea?
- When can your bank exercise its right of setoff in a bankruptcy?
- What can be done after the debtor is discharged?
WHO SHOULD ATTEND?
This informative session will be useful to loan officers at all levels, loan operations personnel, credit administration personnel, collectors, attorneys, managers, and others involved in the collection process.
MEET THE PRESENTER
Elizabeth Fast, JD & CPA,