Complementary Webcast: Avalanche of COVID Chapter 11's Forecast: Strategies for the Credit Team


Covid, through state shutdown orders and social distancing, has caused severe financial strain on customers, from the small to the mid-sized to the largest. As Covid is spiking in a number of states forcing a slow down in state reopenings, Covid-impacted customers are defaulting on their lending and supplier obligations, with a resulting avalanche of Chapter 11 filings. What does the rise in Chapter 11 bankruptcies mean for the credit team and what strategies can be used to mitigate the credit risk, yet still preserve a trade relationship? In this webcast, we will discuss:
  • Covid-caused bankruptcy filings
  • Case suspension orders
  • Critical vendor motions
  • Strategies for suppliers to prepare for such filing 
    • PE ownership issues 
  • What it Means to the Suppliers
    • Possible treatment of supplier's prepetition debt
    • 503(b)(9)/ 20 days claims, including critical vendor
    • Setoff rights   
    • Selling post-petition, whether under a supply contract or P.O. - based trade relationship
    • Strategies for dealing with preference exposure
    • Supplier access to financial information  
    • Possible exit strategies from Chapter 11, including sale of assets 


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Event Properties

Event Date 07-29-2020 12:00 pm
Event End Date 07-29-2020 1:00 pm