Description
Gain an understanding of prebankruptcy repossession laws and how to stay compliant during the process.
This presentation will discuss how a creditor determines if their collateral is secured properly. You will learn the steps of how to repossess, and make sure that state laws are followed. The material will also explain what happens if the secured creditor uses the court system to seize the collateral. Lastly, this topic includes what happens if a debtor alleges wrongful repossession, and what to do if the debtor files for bankruptcy.
Date: 2023-08-08 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to explain what happens if the debtor files bankruptcy.
* You will be able to discuss judicial remedies if the bank cannot repossess the collateral.
* You will be able to identify wrongful repossession.
* You will be able to describe the repossession of the collateral.