Many industries have been reeling from the disruptions caused by the COVID-19 pandemic, with many companies currently buoyed only by cheap debt. While chapter 11 filings significantly dropped in 2021, they are projected to increase in 2022 as result of supply chain disruptions, surging inflation, increasing interest rates and the upcoming wall of debt maturities.
This session first focuses on identifying the warning signs that can be used to predict a distressed customer’s future bankruptcy filing. The speakers will also discuss actions that should be taken to mitigate loss, including letters of credit and guarantees, properly documented consignment and purchase money security interest protection, setoff and recoupment rights, examining credit insurance coverage and purchasing accounts receivable puts, and enforcing Uniform Commercial Code remedies, such as stoppage of delivery and adequate assurance rights.
Speakers:
- Bruce S. Nathan, Partner, Lowenstein Sandler LLP
- Andrew Behlmann, Partner, Lowenstein Sandler LLP
Location: The Westin San Diego Downtown, 400 West Broadway, San Diego, CA 92101
Time: 1:30-2:15 p.m. ET
*This in-person event is open to the public but requires a registration fee.
