Power Hour: The Nuts & Bolts of Bankruptcy: What Every Credit Professional Needs to Know
When a customer files for bankruptcy, knowing what to do next can make a significant difference in protecting your company's financial interests. This session will break down the fundamentals of bankruptcy from a B2B credit and collections perspective, providing practical guidance on navigating the process and understanding your rights and responsibilities as a creditor.
Attendees will explore the different types of bankruptcy, key terminology, important deadlines, and the steps involved in filing and administering a bankruptcy case. We will cover what happens when a customer files, the impact of the automatic stay, filing a proof of claim, secured versus unsecured creditors, preference claims, and how to recognize opportunities to protect and potentially recover outstanding balances.
Whether you are new to bankruptcy or simply need a refresher, this session will provide the knowledge and practical tools to better manage customer bankruptcies, minimize risk, and make informed credit and collection decisions.
Key Takeaways:
• Understand the different types of bankruptcy and how they affect creditors.
• Recognize the importance of the automatic stay and what actions are prohibited.
• Learn when and how to file a proof of claim.
• Understand secured versus unsecured claims and creditor priorities.
• Identify preference payments and potential exposure.
• Explore best practices for managing accounts before, during, and after bankruptcy.
Date & Time
04/29/2027
Start Time: 8:30 AM PT
End Time: 9:30 AM PT
Location
Webinar
Sponsor
NACM Commercial Services
Instructor:
Edward Schnitzer
Edward Schnitzer focuses his practice on bankruptcy and reorganization matters. He has experience representing unsecured creditor committees, litigation and liquidation trustees, debtors, banks, equity committees, and creditors in all aspects of bankruptcy practice, with a particular focus on bankruptcy litigation, including the prosecution and defense of preferences, fraudulent transfers, and other avoidance actions, claims objections, and collection and turnover actions.
Ed is a court-approved mediator in the U.S. Bankruptcy Courts for the District of Delaware and the Southern and Eastern Districts of New York. He has mediated disputes in the Amyris, Revlon, Barnett Corp., Health Diagnostic, Standard Register, Borders, and WP Steel bankruptcy cases. He previously served as the co-chair of the American Bankruptcy Institute’s Mediation Committee and frequently writes on bankruptcy mediation. Ed is also a member of the New York City Bar Association’s Pro Bono Bankruptcy Panel and has represented individuals in need of pro bono assistance in adversary proceedings.
Upon graduation from law school, Ed served as an Assistant District Attorney in the Bronx, where he briefed and argued appeals before the Appellate Division, New York Court of Appeals, Southern District of New York, and Second Circuit, as well as tried several cases and assisted with the prosecution of a first-degree murder trial. He then joined the Enforcement Division of the Securities & Exchange Commission, where he investigated violations of the Federal Securities Laws.
Course Level
I - Intermediate
Credits
CEU:
0.000
CCE:
0.000
Audience
Admissions
Members:
$0.00
Non-Members:
$0.00
*Price is for admission only. Some events, especially college credit classes, have additional costs associated with materials, such as text books. See the event comments above for more details. Membership discount eligibility is at the discretion of the event sponsor.
Cancellations will be accepted for full refund no later than five working days prior to event — substitute attendees accepted up to day of event.
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