Liquidation & Post Debenture Workouts Overview


Wednesday, February 7 - Thursday, February 8, 2018



Discounted Rate
(By 12/12/2017)
Standard Rate
(After 12/12/2017)
NADCO Member $549 $599
Non-Member $749 $799


Course Description


While it is an unfortunate reality of CDC business operations, liquidation is arguably the most important process for which a CDC needs to train and prepare. Between SBA expectations for various CDC structures, SOP requirements, and the potential for litigation, navigating this process can be especially involved in terms of both the technical requirements that need to be followed and the sometimes-difficult decisions that need to be made.

Get the tools you need to expertly approach potential liquidations and the resources that you can rely on throughout the liquidation process in this two-day course taught by liquidation expert, Carmen Lauerman.

In addition to the provided resources and information, CDC participants can pose various liquidation scenarios for discussion throughout the course for a hands-on experience that leaves students with a practical understanding of the tools and processes. The course will include in-depth discussions of SBA guidelines concerning the timing parameters of a liquidation and will follow a “cradle to grave” example to develop a both breadth and depth of understanding.

Class participants are encouraged to bring (or submit to NADCO beforehand) unusual or complicated liquidation cases for class discussion during this incredible practical course for CDC professionals.

Topics include:
SBA’s updated Servicing and Liquidation Matrix
Post-debenture workout/modifications and their accounting
The complexities of note and loan sales
Short sales
SBA referral of borrowers to the Department of Treasury
Administrative Wage Garnishment as a collection tool

PREREQUISITE: "Introduction to SBA 504" or six-months’ substantive experience with SBA 504 lending.

Other Recommended Courses for Participants


Basic Servicing

Advanced Servicing


Instructor Information


Carmen Lauerman


Carmen Lauerman has worked as an independent liquidation consultant since retiring from the Federal Government (SBA) in November 2003 with 36 years of service. She has worked with NADCO and individual CDCs providing assistance on the servicing and liquidation of defaulted loans since 2005. In the past, she has served on NADCO’s servicing committee and liquidation subcommittees. She is one of the two instructors for NADCO’s "Liquidations and Post Debenture Purchase Workouts” two-day training course. She has participated in NADCO’s liquidation webinars. She consulted with SBA and NADCO on liquidation SOPs including the new SOP 50 55. She has been approved by SBA as an independent liquidation consultant for eight CDCs. She is available to assist all CDCs with liquidation questions and issues.