What's On Tap? Episode 9: Why Understanding Cramdowns in Bankruptcy is More Important Than Ever

Join Philadelphia Office Managing Attorney Cameron Deane and Attorney Scott Best for an in-depth discussion on one of the most pressing issues facing creditors today: cramdowns in bankruptcy.

 

When a debtor files for bankruptcy, they may have the ability to reduce the balance owed on secured loans—such as auto loans—based on the collateral’s fair market value. Following the recent surge and correction in auto prices, many borrowers could now benefit disproportionately from this process as vehicles depreciate at typical rates and bankruptcy filings rise.

 

Whether you’re navigating consumer bankruptcies daily or simply want to better understand the risks on the horizon, this webinar will give you the insights you need to prepare and protect your organization – register today and join us on October 9th!

 

Key Takeaways Include:
 

• What cramdowns are and how they work in bankruptcy

• Why today’s auto lending environment has heightened the risk of cramdowns

• Practical strategies for lenders and financial institutions to mitigate exposure

 

Disclaimer: Some of our previous webinar attendees had issues viewing episodes of What's On Tap? during the live session. Please note that the best viewing browser for this webinar is Google Chrome. If you have concerns or additional questions, we suggest connecting with your organization's IT department to gain access to GoToWebinar.

 

About the Series: Weltman’s Webinar Series delivers year-round educational content, specific to creditors' rights throughout numerous focus areas. Join our Philadelphia, PA attorneys for these webinars to stay ahead of trends.