COMMON ERRORS MADE BY CREDITORS IN BANKRUPTCIES

Your debtor files bankruptcy. The bank claims a security interest in all of the debtor’s assets. You are unsecured. The bank agrees to provide post-petition DIP financing for the debtor, and a cash collateral hearing is held approving the financing and granting the bank a post-petition security interest in all the debtor’s assets. The debtor asks for credit from its suppliers based on the new financing.
Everyone acts like the “Beat the Debtor” game is about to begin. It isn’t. The real game is already over. You lost. You lost because you didn’t understand the rules.
This important presentation explains how most creditors fail to understand the collection strategies in bankruptcy and the steps a creditor should take to maximize recovery in bankruptcy. The program covers:

• Post Petition Debtor-Possession Financing
• Proofs of Claim
• Reclamation Claims
• Preferences and Fraudulent Transfers
• Defending Preferences
• Creditors’ Committees
• Negotiating Bankruptcy Reorganization and Payment Plans
• Monitoring Debtors in Bankruptcy
  

Each attendee receives a handout of the materials covered.