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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 on Wednesday, March 7, from 3:00 p.m. to 4:30 p.m., 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.
For those participating in this webinar, you can expect to cover:
- 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?
After participating in this webinar, attendees will receive: A 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; and a quiz you can administer to measure staff learning and a separate answer key.
For more information or to register, please click here.
This webinar, offered through the League's partnership with the CU Webinar Network, is part of a six-part Consumer Debt Series. For more information regarding the other topics covered in this series, click here.