Adam Swanson speaks with Kim Andres, Assistant General Counsel, Citi, during this American Conference Institute webinar. With forbearance programs ending and continued mass unemployment inevitably leading to higher default rates, the pandemic is expected to produce a surge in bankruptcies and related litigation. Moreover, changes to the bankruptcy code have created further challenges for creditors dealing with bankrupt debtors. This session will address:
- The provisions of the new legislation relating to definition of income, duration of bankruptcy plans, second moratoriums, and payment deferments
- How the courts are assisting debtors with repaying amounts not paid during forbearance
- Practical changes to bankruptcy court procedures and navigating them as a creditor
- Deterring bankruptcy-related enforcement actions following the pandemic