Webinar: Consumer Bankruptcy - Chapters 7 & 13: Special Rules, Cramdowns & Risks
October 2, 2025 3:00 pm - 4:30 pm
Broke? Uncommunicative? Seemingly out of options?
Is bankruptcy the end of the line for your borrower? Can anything be salvaged? You must act fast to protect your financial institution’s options and interests. Learn the available actions and alternatives during this well-crafted webinar.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish between Chapter 7 and Chapter 13 bankruptcies
- Understand the timelines for repossessing and foreclosing on collateral
- Determine when, why, and how your institution should file a proof of claim
- Properly complete a reaffirmation agreement
- Distinguish when a cramdown is permitted
- Explain what can be done after the debtor is discharged
- Determine when the debtor can voluntarily agree to pay the lender
WEBINAR DETAILS
The consumer bankruptcy process is complicated, time-consuming, and expensive. Many lenders waste time and money handling bankruptcies because they don’t understand the rules. This webinar will explain the actions that must be taken to protect your financial institution’s interests in each bankruptcy situation. It will cover both Chapter 7 and Chapter 13 bankruptcies and will explain all the processes, including exempt property, fraudulent transfers, preference payments, cramdowns, and reaffirmations. It will also address lenders’ rights, key deadlines, and compliance obligations. This webinar will give you the practical tools and insights needed to navigate the bankruptcy process with confidence.
WHO SHOULD ATTEND?
This informative session will be useful to loan officers, loan operations personnel, credit administration staff, collectors, compliance personnel, attorneys, managers, and others involved in the bankruptcy process.
TAKE-AWAY TOOLKIT
- Consumer bankruptcy cheat sheet
- Proof of claim filing checklist
- Flowchart of the consumer bankruptcy process
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Shelli Clarkston, Spencer Fane LLP
Shelli Clarkston is an attorney with Spencer Fane LLP where she provides financial institutions with proactive legal counsel on regulatory and compliance matters. She received her law degrees from the University of Missouri – Kansas City and her undergraduate degree from the University of Nebraska – Lincoln. In addition, she has a master’s degree from Doane University.
Before joining Spencer Fane, Shelli was the Risk and Compliance Officer for a financial services technology platform with one of the world’s largest technology companies. She oversaw the platform’s regulatory compliance and handled all risk-related matters. She also has experience as general counsel for a community bank, where she managed all legal, regulatory, compliance, and corporate matters.