3-Hour Program

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Overview

Why you should attend

Attend this training for an overview of how consumer bankruptcy interacts with mortgage debt and foreclosures.  During the session, practitioners working at the intersection of these two crucial areas in consumer law will provide a basic overview of consumer bankruptcy; share tools for assessing whether bankruptcy might help - or harm - a delinquent borrower; and discuss how bankruptcy can be used to address mortgage delinquencies, servicing abuses and other lending violations.

What you will learn

  • Differences between Chapter 7 and Chapter 13
  • How to assess whether a bankruptcy makes sense for a borrower with a mortgage delinquency or an underwater mortgage
  • Limitations and risks of bankruptcy for a delinquent borrower (including rescue scams involving bankruptcy)
  • Obtaining a loan workout plan during a bankruptcy
  • Uncovering and addressing servicing abuses in a bankruptcy
  • New obligations for creditors
  • Adversary Proceedings (including lien-stripping)

Who should attend

General practitioners new to bankruptcy law and bankruptcy attorneys new to mortgage debt issues will benefit from this program, as will more experienced bankruptcy practitioners interested in learning more about the nexus between bankruptcy practice, mortgages and foreclosures as well as recent changes in bankruptcy rules relating to mortgage debt.

Credit Details