Bankruptcy: An Overview – ON-DEMAND WEBINARS

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Overview

Presented: April 9, 2020

Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS

A two-hour webinar summarizing bankruptcy laws.

Unfortunately, some borrowers become delinquent on loans. Some of those borrowers may even file for bankruptcy, which affects what we can and can’t do during the collection process. Of course, we have attorneys who assist the institution in those situations, but it is still important for those who work with borrowers on a day-to-day basis to understand concepts and how it may affect us.

During this webinar, we will provide a high-level discsussion of the basics of Federal bankruptcy laws in order to provide a foundation of knowledge – what the purpose of bankruptcy is, what it is, the different types, and how bankruptcy relates to Federal lending compliance laws regarding mortgages.

HERE IS WHAT YOU WILL LEARN:

  • Bankruptcy basics
    • Purpose
    • Types – individuals (chapter 7 or 13), businesses (chapter 7 or 11), farmers (chapter 12)
    • Basic process and consequences
  • Federal lending compliance – Mortgage servicing provisions, including:
    • Periodic statement
    • Early intervention, loss mitigation
Who Should Listen

This webinar is designed for those involved in lending. Although the ideas may directly affect those who deal with mortgage servicing and collections, the information may be a valuable source to anyone.

Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations

Field of Study: Specialized Knowledge

Copyright Disclaimer

Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

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