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In this course, we explore alternatives and actions that should be taken when things go wrong and there is a default declared on outstanding debt. We examine the actions a lender can take and what a troubled borrower should or should not do when faced with this situation. 

The options available to a lender will be determined by Loan Agreements and other debt instruments. The actions taken by the debtor will influence what remedies will be pursued by the Lender.

We examine the mindset of the lender and look at actions that may be taken, as well as reactions to the attitude and cooperation of the borrower.  The knowledge gained through the course can be applied to most all debt, whether secured or unsecured, with recourse or without.                  

Learning Objectives

  • Identify the causes and effects of loan defaults
  • Explore the debt collection process
  • Identify options and actions in a defaulted debt situation
Last updated/reviewed: November 20, 2017

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVEVIEW
  1:59Introduction to Management of Troubled Debt
  3:54Overview - Highlights
Management of Troubled Debt
  8:14Types of Lenders and Regulations
  14:27Types of Debt
  9:44When Things Go Bad (Lender)
  13:12Liquidation
  11:35Real Estate Owned (Lender)
CONCLUSION
  5:32Conclusion
CONTINUOUS PLAY
  1:08:36Management of Troubled Debt
SUPPORTING MATERIALS
  PDFSlides: Management of Troubled Debt
  PDFManagement of Troubled Debt Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM