| NACBA Resources: Bankruptcy & COVID |
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Legislative
NACBA Resources: Bankruptcy & COVID-19
 NACBA continues to fight for needed reforms of the Bankruptcy Code to address the economic crisis caused by the COVID-19 virus and beyond.
For millions of Americans, a reformed Bankruptcy Code that meets the scope of our current financial crisis will be the only way out of the COVID-19 recession. NACBA’s Legislative Committee with support from NACBA’s Board of Directors have been working nonstop with House and Senate staff to ensure significant & permanent bankruptcy provisions are included in Congressional efforts responding to COVID-19 and the devastating economic impact it has had on families and small businesses. 
READ our white paper: Congress Must Prioritize Bankruptcy Reform- July 2020 WATCH the full recording of NACBA & NCLC’s Congressional and expert panel calling on Senate to prioritize bankruptcy protections to help families and small business owners in upcoming bills, several of which were included in the House-passed HEROES Act. The panel features: Senator Dick Durbin (D-IL), Senator Sheldon Whitehouse (D-RI), Congresswoman Zoe Lofgren (D-CA), Chief Economist at Moody’s Analytics Dr. Mark Zandi, Henry J. Sommer, Esq. for NACBA & John Rao, Esq. for NCLC. Read more about this live panel in NACBA News. Register for NACBA’s On-Demand Webinars:
COVID-19 Forbearance: What Next?Presenters: O. Max Gardner, III Esq., Jay Patterson, CPA and Jim Haller Esq. Register HERE What You Will Learn: As the economic fall-out of COVID-19 continues, more and more people will seek out forbearances for their home, auto and student loans. The options available are dependent on the type of government-backed loans held by the borrowers. Max Gardner and Jay Patterson will explore the end of forbearance options for Fannie Mae and Freddie Mac loans as well as FHA/VA insured loans. Escrow issues that can play a part of the post forbearance options. Previous partial claim modifications are integrated in the decision process as well for FHA loans. Learn about the many forbearance opportunities available to consumers. This webinar is geared to intermediate practitioners. Why You Should Attend:
Forbearance, CARES Act and Wells FargoPresenters: O. Max Gardner, III Esq., Thad Bartholow, Esq., Karen Kellett, Esq., Malissa Giles, Esq., Tracy Giles, Esq., Abelardo Limon, Esq. Register HERE In response to the Cares Act, many homeowners discovered they were placed into unwanted forbearances by Wells Fargo Bank, NA. Two class action lawsuits seek to stop this activity and protect Chapter 13 debtors and consumers outside of bankruptcy. Our panel will discuss the status and goals of these suits and why you should be concerned if your client has been impacted by an unwanted forbearance. Why You Should Attend: Unrequested mortgage forbearances impact debtors and non-debtors by limiting the ability to request a future needed forbearance, by harming the consumers’ credit ratings and payment history, and by causing debtors to be at risk of plan modification, motions for relief, or possible dismissal or denial of discharge. Our panel of experts will address these suits and explain why you should make sure your client did request a forbearance and what action to take if they did not! NEWS
March 27, 2021- SIGNED: H.R. 1651 “COVID-19 Bankruptcy Relief Extension Act of 2021” DOWNLOAD
NACBA Announcement – HEROES Act Bankruptcy Provisions |
4/24/2025 » 4/27/2025
NACBA's 33rd Annual Convention | HOLLYWOOD
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