Indiana Best Practices Discussion Group: In-Person Meeting

Next Meeting Topics: My Customer Filed for Bankruptcy…Now What? and Advanced Bankruptcy

Guest Presenters: Thomas Fawkes & Brian Jackiw, Tucker Ellis LLP

We understand that information in today’s credit world is vital. Participating in a Best Practices Discussion Group will provide you with credit-specific education, contacts in the local credit community, and the opportunity to share ideas with fellow colleagues.

My Customer Filed for Bankruptcy…Now What?
Given the current economic climate, with substantial interest rate increases, stubbornly high inflation, and continuing supply chain challenges, experts believe that after several historically slow years, business bankruptcy filings will begin a rapid rise in 2023. While experts are often wrong, it nevertheless makes sense to have a game plan in place in the event they are proven correct. During this interactive presentation, Thomas Fawkes and Brian Jackiw of Tucker Ellis LLP will walk through key strategies that creditors should consider – and implement – if their customer files for bankruptcy to maximize recoveries and in furtherance of a continued business relationship. Among other things, procedures for filing unsecured and administrative expense claims, seeking critical vendor treatment, addressing issues with long-term contracts and leases, participation on unsecured creditors’ committees, and evaluating chapter 11 plans and disclosure statements will be discussed.

Advanced Bankrupcty
Having a basic understanding of the bankruptcy laws and the procedure generally followed by companies seeking bankruptcy protection puts credit professionals at a distinct advantage compared to their peers when it comes to navigating a customer bankruptcy successfully. During this presentation, Thomas Fawkes and Brian Jackiw of Tucker Ellis LLP will provide a broad overview of the United States Bankruptcy Code and the Federal Rules of Bankruptcy Procedure – including the key provisions impacting trade creditors – and will further provide an overview of the “typical” business chapter 11 bankruptcy. In addition, we will discuss recent changes to the Bankruptcy Code, including the institution.

About the Best Practices Discussion Group
Unlike traditional credit groups, the NACM Connect Indiana Best Practices Discussion Group is not industry-specific. Your entire company may attend each meeting including your associates, members of the credit department, and even the CEO of your organization. Any NACM Connect member company is welcome to join the group. Each meeting will discuss best practices and no specific customers will be mentioned.

About the Group Meetings
Four times each year, the Best Practices Discussion Group will hold a roundtable discussion. Local meetings will be held in the Indianapolis, Indiana area. We will focus on various credit-related topics relevant to today’s business professional. NACM personnel, a member company, or guest speaker will facilitate a lunch meeting.

Objectives of the Best Practices Discussion Group
• Determine necessary improvements for your credit and/or accounting departments and organization.
• Analyze how other organizations achieve high-performance levels.
• Use gathered information to enhance your company’s performance.

For More Information or to Register:
Please contact Kelly Hall at kelly.hall@nacmconnect.org or 317.225.4281.