What do you do when your seller files for BK?

[Jasmine Willois]

Just wondering if anyone out there knows what to do when your seller goes out of business, specifically files for BK and you need additional transfer docs or re-executed assignments? This has happened to a pretty established note investor I know and has jeopardized his entire existence and success record. One of our members had the same issue but we resolved it fairly quickly. Looking to see if this has happened to anyone else and if they found any workarounds.