With the number of loans in forbearance decreasing every day, many of our clients are seeking our advice on the next steps to take in bankruptcy. This is especially true in light of the recent Consolidated Appropriations Act (CAA) and its reference to a forbearance supplemental claim. Below is a high-level summary of the Forbearance Supplemental Claim and how creditors can use it within their existing bankruptcy process.
To read the full memo, download the attachment below.
BK Forbearance Supp Claims_Memo5.17.21
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