Description

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.