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When the Customer or Supplier Files Chapter 11

Dealing with the Financially Distressed Customer or Supplier: A Practice Strategies for Down Economy Series

July 1, 2009
Plymouth, MI

Sponsor: ICLE Partnership Seminar co-sponsored by the Business Law Section of the State Bar of Michigan

Are your clients worried that customers won't pay? Suppliers won't deliver? Do they ask what to do if a key customer files Chapter 11? Learn the best techniques to protect against default, avoid being caught in the preference sweep, and what to advise when a customer or supplier files Chapter 11.

When the Customer or Supplier Files Chapter 11

  • protecting your position
  • should you file a proof of claim?
  • reclamation demand
  • Section 503(b)(9) claims
  • are you required to ship?
  • extending credit post-petition
  • critical vendor treatment

Judy B. Calton
Honigman Miller Schwartz and Cohn LLP; Detroit