The Bankruptcy's Over. Now What? |
Handling Real Property Secured Loans After Bankruptcy |
A NorthLegal Webinar Presented Tuesday, May 6, 2014 |
Cost/Registration | Regions Affected | How
to Attend a Webinar
After enrolling, click here to obtain the handout materials in PDF. Then contact NorthLegal (623.537.7150) to obtain the password you will need to open those materials.
So the bankruptcy is over. Discharge has been entered, the case is closed. What are your rights now with respect to prepetition real property loans?
If the bankruptcy was a Chapter 7 and the debtor did not reaffirm, may you talk to him? What if he misses a payment? What if the debtor wants to modify the loan? What if your financial institution would rather modify the loan than end up with the property? What if a law requires you to talk with the debtor about foreclosure prevention options? How can you do those things without violating the discharge injunction?
If the bankruptcy was filed under Chapter 13, remained current throughout the bankruptcy, but is now delinquent; may you talk to the debtor? May you demand payment? May you offer a loan modification? In fact, was the debt discharged at all in the Chapter 13 case?
Some of the answers might surprise you!
Many creditors focus on what their rights and obligations are with respect to real property loans during a bankruptcy case, but overlook what their rights and obligations are after the case is over. On Tuesday, April 29, attorney Eric North (see sidebar) will talk with participants about these issues and more. During this 90-120 minute program, attendees will learn —
• | What your rights are with respect to unreaffirmed real property loans following discharge in Chapter 7 bankruptcy cases. | Do you know what the Bankruptcy Code says about modification of unreaffirmed discharged debts? Do you know why you probably lose your lien if you refinance? Learn the risks and what your options are! |
• | When you do and when you don't need court or attorney approval of real propery loan reaffirmations in Chapter 7 cases. | |
• | Which real property loans are not discharged at all in Chapter 13 cases and can be collected after the bankruptcy is over as if there had been no case. | |
• | Whether you may recover fees incurred handling real property-secured loans during Chapter 13 cases. | |
• | What important step you may be required to take if a real property loans is not current when a Chapter 13 case nears completion. | |
• | What steps you must take if your real property lien was stripped in a Chapter 7 or Chapter 13 case. | |
• | Catastrophic and merely risky mistakes that many creditors make when modifying unreaffirmed real property loans after Chapter 7 discharge. |
Learn to identify, avoid and deal with common problems that may arise when handling real property secured loans after the dust has settled, discharge has been entered and the case has been closed!
NOTE: This program is intended for employees of consumer lending
institutions. Please contact NorthLegal Training and Publications to obtain approval
before registering if you are not an employee of a consumer lending institution.
Cost/Registration
The fee to attend this archived program is $160.00 if paid by credit card or
$170.00 if paid by check. For that fee, you or someone from your financial
institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for 180 days! Contact NorthLegal for information.)
How to Attend a Prerecorded Webinar
To attend this NorthLegal Webinar, please do the following:
• | Register. To register online using a credit card, visit the "Enroll Now" link shown above. To register by mail, call NorthLegal at 623.537.7150. |
• | Check your email. Within moments after you complete the registration process you should receive two emails. One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. |
• | Download the handout materials by clicking the "Handout" link shown above. |
• | Call NorthLegal to obtain the password to open the handout materials. |
» Archived NorthLegal Webinars
» NL General Bankruptcy Conference
» NL Advanced Bankruptcy Conference