This OnDemand Webinar will cover the opportunities and risks for a credit professional with selling to a Chapter 11 debtor. This program will also cover administrative priorities, selling on credit in Chapter 11, vendors' liens and cross-collateralization provisions. What steps should you consider to maximize payment on your prepetition debt when a customer files, as well as limit credit risk on any future sales? This OnDemand Webinar will cover voluntary filing requirements including where the customer may file (why Delaware?), first day motions, dealing with the debtor and postpetition sales, stopping goods in transit, set off rights and automatic stay. Additionally, this program will cover allowance and payment of reclamation claims, the Chapter 11 plan, preference risk and waivers, creditors' committee and the bar date.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
The Major Players in Bankruptcy Proceedings
- Management, Creditors, Committees, Trustee
- Dealing With Your Prepetition Claim
- Considering Postpetition Credit Sales
The Critical Vendor Trade Doctrine
- Bankruptcy Code - Critical Vendor
- Factors Considered in Determining Critical Vendor Status
- Procedure
Stopping Goods in Transit and Reclamation
- The Right to Stop Goods
- Elements of a Reclamation Claim
- Problems for Vendors
Trade Lien Program
- Extensions of Trade Credit
- Third-Party Agents
- Advantages of Global Vendor Programs
Preferences
- Elements of a Preference
- Vendor Defenses
Return of Inventory
Trade Creditors and Discrimination at the Plan Stage
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More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 22, 2012.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Scott E. Blakeley
Blakeley & Blakeley LLP
- A founding partner of Blakeley & Blakeley LLP
- Advises companies worldwide regarding creditor’s rights, commercial law, e-commerce, and bankruptcy law
- Selected as one of the 50 most influential people in commercial credit by Credit Today
- Conducts regular seminars and workshops for credit industry groups throughout the country on topics such as creditor’s rights, commercial law, reclamation laws, and bankruptcy preference law
- Contributing editor for NACM’s Credit Manual of Commercial Law, contributing editor for the American Bankruptcy Institute’s Manual of Reclamation Laws, and author of A History of Bankruptcy Preference Law, published by ABI
- Admitted to the Bar of California
- J.D. degree, Southwestern University; M.B.A. degree, Loyola University; B.S. degree, Pepperdine University
- Can be contacted at 949-260-0611 or [email protected]
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More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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