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.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.