
FIN368: Chapter 5 - Problem Loans and Loans Workout
Authored by HASMAH JAMALURUS
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
With effect from the financial year beginning from 1st January 2011 onwards, the default period for classifying a loan as impaired by banking institutions will be 6 months.
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Impaired loans will be reclassified as non-impaired loans upon full settlement of all arrears in interest or principal.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Loans workout is defined as a mutual agreement between a lender and borrower to renegotiate terms on a loan that is technically in default to avoid foreclosure or liquidation.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A Cooperative workout agreement (CWA) is done at the final stages of loan recovery, which involves negotiation between both parties without resorting to legal action.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The purpose of applying for a court order to declare bankruptcy is to provide an orderly manner in the repayment of debts.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trustee has been appointed to take care of Maju Holding’s assets. The trustee is responsible for liquidating the assets and dividing proceeds among creditors. Which of the following loan recovery technique represent the situation?
Reduce Debt to Judgment
Writ of seizure
Garnishee order
Bankruptcy
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
East Bank has converted borrowers' pledged assets into cash to settle down the loan repayment balance and interest due. Which of the following loan recovery techniques represent the situation?
Cooperative workout agreement (CWA)
Collateral liquidation
Enforcement of judgment
Reduce Debt to Judgment
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