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Basic Bankruptcy for Bankers, Webinar
December 4, 2018 @ 1:30 pm - 3:30 pm CST
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- Talk the talk: Bankruptcy terminology
- The basics of the Bankruptcy Court system and the role of the U.S. Trustee's office
- An overview of the various chapters of the Bankruptcy Code (7, 9, 11, 12 and 13)
- Setoffs and foreclosure sales: The automatic stay and what the bank can and cannot do after it goes into effect
- Filing a proof of claim
- Secured vs. Unsecured vs. Undersecured Claims
- Exempt property
- What debts of an individual can and cannot be discharged
- The order or "priority" in which claims are paid in bankruptcy
- The rules on Reaffirmation Agreements
- Pursuing guarantors when a borrower files bankruptcy
- Rejection of leases and executory contracts: how they can affect the bank's collateral values
- Bankruptcy timetable and special rules for single asset real estate cases
- Special protections afforded members of the armed forces under the Servicemembers Civil Relief Act
- Preferences, fraudulent transfers and unauthorized post-petition transfers