Financial Poise
Restructuring Insolvency - When Your Customer Becomes Insolvent

What to Expect and Do When Your Customer Becomes Insolvent

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.


Webinar Faculty

Moderator:

Jonathan Friedland
Jonathan Friedland

Jonathan Friedland is a senior partner in Sugar Felsenthal Grais & Helsinger LLP’s Chicago office. He is ranked AV® Preeminent™ by Martindale.com, has been repeatedly recognized as a “SuperLawyer”, by Leading… Read More

Panelists:

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Andrew Currie

Andrew Currie is a partner in the Venable's Bankruptcy and Creditors’ Rights Group, which was named among the top five bankruptcy groups in the nation by Bankruptcy Law360 in 2010. … Read More

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Hamid Rafatjoo

Hamid Rafatjoo focuses his bankruptcy practice at Venable on insolvency and corporate restructurings, either through an out-of-court workout process or through a chapter 11 filing, corporate transactions, and mergers and acquisitions.… Read More

Thaddeus D. Wilson
Thaddeus D. Wilson

Thad Wilson is a partner in the Atlanta office of King & Spalding and a member of the firm’s Financial Restructuring practice. Thad has represented a broad spectrum of clients in… Read More

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