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Restructuring Insolvency - Bad Debtor Owes Money

Bad Debtor Owes Me Money! 2019

Sometimes it begins when a client, tenant, or customer starts to slow-pay, with the result that your accounts receivable start to accrue gradually. Other times the issue presents itself more suddenly. Either way, you find your company owed a great deal of money that looks like it may not be collected because your client/tenant/customer has filed bankruptcy, has commenced an assignment for the benefit of creditors, has been put into receivership, or is otherwise just plain insolvent. What do you do? What should you not do? The topics discussed in this webinar include the pros and cons of putting a counterparty into involuntary bankruptcy; when and how you may be able to pursue third parties (like guarantors, directors, or officers) for the amount owed; risks related to preference attack; pros and cons of sitting on a “creditors’ committee” in a Chapter 11; how to negotiate for “critical vendor” protection in Chapter 11; and practical guidance for continuing to provide goods or services to an insolvent counterparty.

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Webinar Faculty


Whitney C. Fogelberg
Whitney C. Fogelberg

Whitney Fogelberg is a restructuring partner in Kirkland's Chicago office. Whitney represents both debtor and creditor clients in complex Chapter 11 reorganizations; advises purchasers and sellers in bankruptcy transactions and… Read More


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Beau Hays

Beau Hays is a 1986 graduate of the North Carolina School of Law, after receiving a B.A. in Political Science from UNC in 1983.  He is admitted in Georgia, all… Read More

Christopher Horvay
Christopher Horvay

With more than 36 years experience, Christopher J. Horvay has represented senior creditors and asset-based lenders in complex litigation, workout and bankruptcy matters across the country.  His practice also involves the representation of… Read More

Michael Riela
Michael Riela

Mike Riela is a partner in Tannenbaum Helpern’s Creditors’ Rights and Business Reorganization practice. With more than 15 years of experience, Mike advises companies on complex restructuring, distressed M&A, loan… Read More

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