Class Details Receiverships, Out-of-Court Workouts & Liquidation 07/15/2021 8:30 AM PT - 9:30:00 AM PT A Customer's Financial Distress Without Bankruptcy: Receiverships, Out-of-Court Workouts and LiquidationsIn many bankruptcy cases, out-of-court workouts, receiverships or liquidations may be considered the most desirable solution due their expediency and cost effectiveness as opposed to Chapter 11. • Types of Liquidation and Workout Options - Close doors - Receivership - Secured party sale - Negotiating settlements with individual creditors or groups of creditors - Assignment for the benefit of creditors - Trust indenture and security agreement - Composition Agreement• Strategies for Suppliers and the Insolvent Customer - Understanding and guarding the integrity of the process - Understanding collection options -Claims against insiders and against third parties • Requirements and Benefits of an Involuntary Bankruptcy Proceeding• The uses of Receiverships Instructor: Scott Blakeley, Esq.Scott Blakeley is a founder of Blakeley LLP, where he advises companies around the United States and Canada regarding creditors’ rights, commercial law, e-commerce and bankruptcy law. He was selected as one of the 50 most influential people in commercial credit by Credit Today. He is contributing editor for NACM’s Credit Manual of Commercial Law, contributing editor for American Bankruptcy Institute’s Manual of Reclamation Laws, and author of A History of Bankruptcy Preference Law, published by ABI. Credit Research Foundation has published his manuals entitled The Credit Professional’s Guide to Bankruptcy, Serving On A Creditors’ Committee and Commencing An Involuntary Bankruptcy Petition. Scott has published dozens of articles and manuals in the area of creditors’ rights, commercial law, e-commerce and bankruptcy in such publications as Business Credit, Managing Credit, Receivables & Collections, Norton’s Bankruptcy Review and the Practicing Law Institute, and speaks frequently to credit industry groups regarding these topics throughout the country. He is a member on the board of editors for the California Bankruptcy Journal, and is co-chair of the sub-committee of unsecured creditors’ Committee of the ABI. Scott holds an B.S. from Pepperdine University, an M.B.A. from Loyola University and a law degree from Southwestern University. He served as law clerk to Bankruptcy Judge John J. Wilson. He is admitted to the Bar of California. Event Sponsor: NACM Commercial Services Course Level: Credits: CEU: 0.100 CCE: 0.100 Location: Webinar Price: Members: $39.00 Non-Members: $69.00 *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.