NACM Connect is now offering web seminars as part of our education and training initiative. We will help you keep up with your professional development one-hour at a time. Webinar topics include issues and developments important to credit professionals. If you have any questions about NACM Connect webinars please contact us at firstname.lastname@example.org or call 847-483-6400.
WEB SEMINAR SCHEDULE
Unclaimed Property and the Credit Department
Most credit departments are already aware of unclaimed property and how it arises. However, they often feel that the rules surrounding unclaimed property contradict many of their normal credit processes and procedures. This session will address how unclaimed property can arise in the credit department and how to address potential unclaimed property so that it can be resolved, or reported, correctly.
In addition, this session will also address the impact of unclaimed property audits on the credit department and how to develop, and implement, effective unclaimed property policies and procedures. In this 60-minute live webinar we will cover:
My Customer Filed Bankruptcy, Now What?
It’s the moment you most dread: you find out that your customer has just filed a Chapter 11 bankruptcy case. This 75-minute webinar will cover:
Bankruptcy Code Section 503(b)(9) has also significantly enhanced trade creditor rights by granting goods sellers whose customer has filed bankruptcy an administrative priority claim for the value of their goods received by the Debtor within 20 days of bankruptcy. The speaker will also discuss how to assert this priority claim, the significant litigation concerning Section 503(b)(9)’s requirements and the defenses to priority status that seek to limit or defeat recovery by trade creditors, and the advantages of this claim over reclamation rights.
This 75-minute webinar will then cover the rights of creditors that are parties to “executory contracts,” such as supply and services agreements and purchase orders, after their customer files bankruptcy, all with the goal of limiting the risk of additional losses as a result of a failed bankruptcy case. Finally, there will be a quick discussion of the role of creditors’ committees in Chapter 11 cases and, time permitting, the preliminary steps that should be taken when the bankruptcy is filed to assist in defending preference claims.
View the listing of pre-recorded webinars.