Start Date: 5/12/2021 1:00 PM MDT
End Date: 5/12/2021 2:30 PM MDT
When a borrower threatens to file bankruptcy, your financial institution must act quickly before the bankruptcy is filed to ensure your loan documents are sufficient and your security interest is properly perfected. Once bankruptcy has been filed, it is too late to improve the financial institution’s position. Attend this session to learn the immediate steps your financial institution must take to be prepared for bankruptcy filings. There are also alternatives to filing bankruptcy, which may be better for both the borrower and lender. This webinar will address these alternatives, including payment deferrals, forbearance agreements, workouts or restructuring loans, deeds in lieu of foreclosure, voluntary surrender of collateral, and short sales.