Resources

Preparing for the Surge: A Primer on Understanding and Handling Bankruptcy Claims and Potential Preference Liability

October 22, 2020

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Bloomberg anticipates that there will be a significant increase in bankruptcy filings of all types – business and consumer and in most industries.

You may field an increasing number of questions regarding bankruptcy notices, including “do we file a proof of claim,” “why wouldn’t we file a proof of claim,” and “is our claim secured, unsecured, a mix, and how is that determined.” Even once that decision is made, you may face litigation, including defending an objection to a claim. You may also get questions regarding whether any payments received prior to the bankruptcy filing can be “clawed back” in the bankruptcy, whether there are any defenses to such potential liability, and if there are strategies to mitigate such potential exposure when dealing with other distressed businesses, customers and consumers going forward.

This program will provide an overview for filing and defending proofs of claim and analyzing and defending against preference demands and filed actions in Bankruptcy Court

Thursday, October 22, 2020
1:00 p.m. – 2:00 p.m. EDT

CLE accreditation is anticipated for California, Illinois and Texas. We provide Uniform Certificates of Attendance and jurisdiction-specific information for those licensed in other jurisdictions. HRCI eligibility will be determined after the program. If HRCI accredited, we provide Certificates of Attendance to all attendees who return a completed Record of Attendance. Please contact Sarah Minjoe at sminjoe@dykema.com with questions.

Speakers: Jonathan E. Aberman, Member, Chicago; Mark A. Silverman, Member, Chicago

Click here to view the recording.