Bankruptcy and the SBA Loan — Five Issues You Must Know
Tuesday August 14, 2013
2:00 p.m. to 3:15 p.m. Eastern
Complimentary Coleman Report News with Bob Coleman starts at 1:50 p.m. Eastern
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A borrower’s bankruptcy is a common occurrence for workout specialists. However, if the loan is an SBA 7(a) or 504 loan, an added layer of complexity exists for the lender.
The lender must not only comply with all bankruptcy laws and regulations, but must also follow SBA’s rules and standard operating procedures to ensure payment of the federal government guaranty.
Starfield and Smith’s, Greg Kupniewski will discuss in detail the five common bankruptcy issues SBA lenders must know when liquidating the loan.
1) Automatic Stay Issues
Automatic stay 101 definitions
The importance of the borrower site visit
How to document the site visit
What type of notification does SBA require?
What are the type of actions that are enjoined?
How does the automatic stay affect the borrower?
How does the automatic stay affect the guarantors?
How does the automatic stay affect affiliates?
2) Companion Loans
What must you do when your SBA borrower has a non-SBA loan with your institution?
How do you apportion costs between the loans?
How to apply distributions?
What type of approvals must you obtain from SBA?
What type of reports must you prepare for SBA?
3) Filing Proofs of Claims
Filing proofs of claims 101
How must SBA be notified?
What are the jurisdictional concerns?
4) Credit Bidding
Credit Bidding 101
When do I need SBA’s approval for a bid?
How to I obtain SBA’s approval for a bid?
What do you do if you don’t like SBA’s answer?
What are the reporting requirements to SBA?
5) Plan Voting
Plan Voting 101
How SBA must be notified.
When is SBA’s prior approval required?
Who should attend
Chief Credit Officers
SBA Department Managers
SBA Loan Workout Specialists
SBA Loan Collection Personnel
SBA Loan Servicing Personnel
Commercial Loan Workout Specialists
This webinar is rated “INTERMEDIATE” for all attendees.
Coleman’s Webinar level of instruction guide:
ELEMENTARY — The webinar assumes the audience has no experience in the topic.
BASIC — The webinar is for small business lenders who have some experience in the topic. The webinar is designed as the Topical 101 course. This is the appropriate level of instruction for managers who oversee the function.
INTERMEDIATE — The webinar solves an unique problem for the small business lending professional. A strong working knowledge of the subject matter is recommended.
EXPERT — The webinar discusses detailed, technical and advanced topics for the well-seasoned professional. A strong working knowledge of the subject matter is a must.
Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for your regulators. Also, this documents the answer for SBA’s Review question of continuing staff education.
We will automatically forward a certificate of participation for those who are registered to attend the webinar via Go-to-Webinar.
If you have purchased the unlimited site license and would like certificates for all who attend, please forward their names and email addresses to firstname.lastname@example.org. She will email the certificates
Join Coleman’s Expert SBA Instructor.
Greg T. Kupniewski
Starfield & Smith, P.C.
Greg focuses his national practice on representing financial institutions in business restructuring, bankruptcy and financial services matters and other creditors’ rights issues. He has extensive experience in all facets of bankruptcy litigation and transactions, including asset purchases and other types of acquisitions. Greg also develops risk management strategies to mitigate his client’s losses when their customers enter bankruptcy.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street“. Coleman is the Editor of the Coleman Report, a trade newsletter for small business bankers. He is the nationally recognized expert on small business financing. He has appeared on Fox Business News and CNN and has been quoted by all major financial media outlets including the Wall Street Journal, New York Times and Bloomberg. He has spoken at numerous small business banking events across the United States, including international engagements in the U.K. and Germany. Coleman has a B.A. in Medieval History from the University of California Santa Barbara and a M.B.A. in Real Estate Finance from the University of Southern California.
Great Lakes SBA
August 1, 2013
About Coleman Webinars
Coleman is the largest producer of small business banking webinars in the country, all taught by the best experts in our industry.
Not only our instructors chosen with care, they are excellent teachers of their craft.
Coleman’s Webinars provide 75 minutes of highly specialized information, access to industry experts, live Q&A, and step-by-step “how-to’s” on a variety of topics relevant to today’s small business banker.
Every month, the author of the bestselling The SBA Loan Book and Get Financing Now. Charles Greene presents a program on a topical small business lending underwriting subject.
Our monthly SBA loan processing and servicing webinars are conducted by Gina Rodgers, banc-serve’s in house training officer.
We rotate our SBA loan liquidation and servicing webinars with the finest experts in the country.
And Bob Coleman hosts a monthly C-level, small business lending management webinar.
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A great benefit of the program is that you have the ability to ask questions directly of the panelists. Or, you may simply email Coleman during the program and he will air your question. All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish. A transcript of the program is also provided to purchasers of the unlimited site license.
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Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call Joseph Coleman at (818) 790-4591, extension 2 if you need assistance.
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The Fine Print
1) The single user registration fee of $289 is based on location not attendance. You may have as many people in one location attend. You many distribute the materials to anybody in your company.
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About our Sponsor: PCFS 2000
PCFS 2000 is the leading financial technology services vendor providing software solutions to the SBA lending industry. PCFS 2000 has been delivering solutions to this unique lending community since 1986 and the passion for it continues today.
Their solutions include SBA Form.Wrx, SBA Loan Manager and SAM (Special Assets Manager), which collectively address all your department’s needs – from the initial prospect inquiry to the loan pay-off and every stage in between. They refer to their products as your “Prospect-to-Pay-Off Solution.”
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