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FBM Oct 23 Webinar - Shared screen with speaker view
Myron Oftedahl
35:49
Is Bankruptcy and/or Foreclosure proceedings the same?
Rose Wendinger
37:26
Foreclosure is usually forced by collateral holder.
Dan Miller
39:12
Foreclosure= Creditor initiated process to take Real Estate
Craig Will
39:32
Is there a minimum number of credits they need to have
Cory Detloff
40:54
What kind of documentation is needed to show it is COVID related?
Dan Miller
41:44
Bankruptcy= Debtor initiated court motion to liquidate assets chapter 7 or reorganization and continue to farm chapter 12 or federal code
Jennifer Smith
45:21
So does negative financials also qualify as COVID negative impact or is it only mediation and bankruptcy?
Denise Reeser
47:26
So a farmer taking 20 credits is ineligible?
Bradley Burklund
49:42
How is this going to be communicated to FLAG? Extension? MDA Advocates/Mediators? Lenders? Farmers?
Tom Anderson
50:29
Exactly Betsy - typically a farm that is in mediation or bankruptcy during this time period is not the result of Covid. It came from a much longer time frame of issues. Does that matter?
Dan Miller
51:17
In MN a creditor has to offer State mediation or a 90 day talking or negotiation period prior to foreclosure (taking secured collateral assets) to explore less drastic activities rather than collect secured collateral assets or foreclose. Creditors can't foreclose during the 90 period.
Mike Dierks
51:26
covid has made their problems worse
Tom Anderson
51:52
If that is the case - few will qualify
Myron Oftedahl
54:17
Mediation often leads to Bankruptcy or Foreclosure, so more than likely it will be the same people in each group.
Bob Rick
56:27
If mediation occurred during the time frame, but is now completed, does this student still qualify?
Paul Filzen
57:09
if they had Covid do you want a doctors note or what proof?
Jennifer Smith
57:47
Wondering if prior to end of time frame, there will be update if money is available after mediation and bankruptcy are awarded...
Rose Wendinger
58:16
would a dairy farms that had labor issues due to covid qualify?
Jeff Schultz
01:03:30
Helluva good time to plug for MAAE membership!
Jennifer Smith
01:03:35
I didn't mean two rounds, I just meant updates as money is awarded.
Dani Heiny
01:27:39
Thanks - we will have HLC folks on site next week in person!
Craig Will
01:29:30
are we supposed to rank applications
Denise Reeser
01:31:52
Congratulations AL!