While all creditors have certain rights, obligations, and even alternatives when a debtor files for bankruptcy, many become quickly overwhelmed with how to handle the situation. Moreover, as the nation continues to navigate through the coronavirus pandemic, a wave of bankruptcy filings is definitively on the horizon. Lenders and their decision-makers, now more than ever, will need a working knowledge of bankruptcy principles to navigate the process efficiently.
In the first session of this two-part series, Weltman’s bankruptcy team will share some of the most frequently asked questions and provide fundamental information from their experience in handling chapters 7 and 13
bankruptcy cases. Shareholder and bankruptcy group chair Scott Fink
will moderate the session as attorneys Monette Cope
, Milos Gvozdenovic
, and Garry Masterson
serve as panelists while they lead attendees through some of the industry’s most popular questions.
Key Takeaways from Part I: Navigating Chapters 7 & 13 Bankruptcies Include:
- Terminology and eligibility of both chapters 7 and 13
- Benefits of filing under chapter 13 and benefits of reaffirming debt under chapter 7
- Situational analyses
Please note that this webinar is part of a two-part series. Join us for a deeper dive into bankruptcies by attending part two of this session on chapters 11 & 12
on November 19th
About the Series:
Weltman’s Ask a Pro Series is an ongoing, virtual Q&A featuring our own in-house attorneys and industry professionals. The series will address some of your most popular questions regarding creditors’ rights – from general best practices for your portfolio to new trends and insights, and even specific case examples.