Start Date: 4/20/2021 1:00 PM MDT
End Date: 4/20/2021 2:30 PM MDT
The COVID pandemic continues to impose significant adverse impacts on most commercial businesses. Financial institutions have worked prudently with commercial borrowers who have been unable to meet their loan obligations due to the COVID pandemic. But, where do we go from here?
There are several alternatives to consider when dealing with troubled loans, including a deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property collateral, foreclosure on real property collateral, and deficiency judgments. Each alternative has a certain amount of risk exposure and making a mistake could result in losses that far exceed the loan amount. This webinar will cover all aspects of each alternative and the related risks. Understanding the proper steps for each scenario will help you properly evaluate which option is the best for your institution. In addition, the webinar will address what constitutes a troubled debt restructuring for reporting purposes related to the COVID pandemic.