Modification
and Stripping
of Mortgages in Bankruptcy
A NorthLegal Webinar
(Presented August 27, 2009) (121
min)
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What
happens to a mortgage when the debtor files Chapter 7, 11, or
13 bankruptcy?
You've heard that a Chapter 13 debtor cannot "cram down" a mortgage
-- so why is it that some lenders lose tens of
thousands of dollars because the court decides the property is
not worth what is owed on it?
What could many of those lenders have done to stop it?
Must a Chapter 13 debtor make mortgage payments during the bankruptcy?
What are your options if the debtor doesn't?
Do you lose a judgment lien when a debtor receives a discharge
in Chapter 7 bankruptcy? What about Chapter 13? |
One of the "hot"
issues in Chapter 13 bankruptcy has to do with the lender's right
to add insurance premiums or attorneys fees to a loan, or to change
the interest rate on a variable rate loan, during bankruptcy. Do
you know the rules?
What about Chapter 7 and 11 bankruptcy?
What happens to liens? What are the lender's options if the debtor
doesn't make payments during the bankruptcy?
During this approximately 90-minute program,
attorney Eric North will talk with participants about —
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"Eric
makes what would ordinarly be dry material interesting, with
his stories and animated delivery style."
"Eric
always does a fabulous job of boiling down a very complex
subject into understandable bits." |
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Whether
there is any practical reason to ask for reaffirmation of real
property loans in Chapter 7 bankruptcy. |
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Whether
you may modify a real property loan during or after bankruptcy. |
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What
a "Motion to Void Lien" is and how your rights may be drastically altered
if you do not respond promptly and properly to it.
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When you are entitled to relief from the
automatic stay to enforce a real property loan, and when you are
requred to sit back and wait. |
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What
many courts require lenders to do if they add fees or costs or
change the rate of interest during a Chapter 13 bankruptcy. |
and
much more!
Like
other NorthLegal Webinars, this program gives your credit union the
opportunity to train several staff members for
a single low price, right in the convenience of your office!
NOTE: This
program is intended for employees of credit unions. If you are not
a credit union employee, please contact NorthLegal Training and Publications
to obtain approval before registering.
Cost/Registration
The registration fee for this program is $125.00 per
telephone/Internet connection if paid by credit card (online or by telephone), $135.00 if
paid by check.
(Checks must be received by NorthLegal prior to the
beginning of the program. Sorry, but we cannot invoice for this event.) For that
single price, you may have as many participants as you wish listen (over a single
telephone line and Internet connection)
in a conference room or office! To register, click here or
telephone NorthLegal Training and Publications at 623.537.7150.
Regions
Affected
This
program is not state-specific, and will be important to credit unions
from around the country.
Co-Hosts
This
program is jointly hosted by NorthLegal Training and Publications,
by the credit union leagues and assocations representing the following
states:
Arizona
California
Colorado
Delaware
Hawaii
Kansas
Kentucky
Louisiana
Massachusetts
Minnesota
Mississippi
Montana
New Hampshire |
Nevada
North Dakota
Oregon
Rhode Island
South Dakota
Tennessee
Utah
Vermont
Washington
West Virginia
Wisconsin
Wyoming |
and by the following local and regional associations:
The California
Credit Union Collectors Council
The NorthWest Credit Union Collectors Association
(Participants
do not have to be members of any of those leagues or associations in
order to attend.)
How
to Attend
a Webinar
To attend this program you will need access to a telephone and an Internet
connection. The audio portion will be heard over a toll-free telephone line
(we find you get the most reliable and clear connection that way), and a slide
and document presentation will be viewed over the Internet. More details about
how to participate will be provided upon registration or (if you would like
details before registering) may be obtained by calling NorthLegal Training
and Publications.
5115 N. Dysart Road, No. 202-500
Litchfield Park, Arizona 85340
Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: NLBC@culaw.com
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NorthLegal Webinars
NorthLegal Bankruptcy Conference for CUs
Speaker: Eric North
 Eric
North, the primary speaker at the programs listed on this site, has represented
the interests of credit unions and other financial institutions as an attorney
with respect to litigation, compliance, governance, bankruptcy and collections
matters since 1984. Eric has appeared in state and federal
courts throughout the State of California, and has argued before the Ninth
Circuit Court of Appeal.
Eric is also a nationally recognized speaker on legal issues relating
to consumer lending institutions, and has
presented hundreds of programs on behalf of national, state and local
leagues and associations from around the country.
Watching your training
budget? NorthLegal
Webinars allow you to train multiple employees for one low fee.
Webinar scheduling conflict? No
problem. Just register, skip the program, and contact NorthLegal
to arrange a replay of the presentation at a time that is more
convenient for you. You get all the benefits of a live program,
plus the ability to "pause" the program to take notes
or to discuss the materials being presented. |
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