Friday, August 7, 2020
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Basic Bankruptcy for Bankers, Webinar

October 24, 2019 @ 1:30 pm - 3:30 pm CDT

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Covered Topics

  • 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