Fundamentals of Pre-Bankruptcy Repossession
1 hour 30 minutes
Gain an understanding of pre-bankruptcy repossession laws and how to stay complaint during the process.
This topic will discuss how a creditor determines if their collateral is secured properly. Learn the steps on how to repossess and make certain state laws are followed. The matieral will also explain what happens if the secured creditor uses the court system to seize the collateral. This topic also includes what happens if a debtor alleges wrongful repossession and what to do if the debtor files bankruptcy.
• 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 repossession of the collateral.