The 2005 amendments to the Bankruptcy Code gives goods sellers a Section 503(b)(9) priority claim for unpaid goods delivered within 20 days of a debtor's bankruptcy filing. This new priority claim has increased the likelihood of payment of these claims. However, questions have arisen on how to assert these claims in the absence of a uniform statutory rule and deadlines that vary by jurisdiction.
Benefits
- Learn how to assert 503 (b)(9) priority claims in the absence of a uniform statutory rule
- Discover what constitutes “goods,” and the meaning of “receipt” and “value"
- Understand the debtors ability to assert preference claims and other claims to defeat the priority status of 503 (b)(9) claims
- Gain insight on the latest court decisions and court approved procedures that impact the payment and collectability of these claims
Who Should Attend?
A must attend for Managers and Directors in the Credit, Legal and Finance Industries.
Pricing
FCFP Members: FREE
Smyth Group Members: FREE
Non-members: $39.95
| Bruce S. Nathan is a member of the firm's Bankruptcy, Financial Reorganization & Creditors' Rights Group. Mr. Nathan concentrates on all aspects of creditors' rights and workouts in bankruptcy, out-of-court matters and other types of insolvency cases for secured creditors, creditors' committees, unsecured creditors, trustees and other creditors. Mr. Nathan serves as counsel to the unsecured creditors’ committee in Interstate Bakeries Corporation and Advanced Marketing Services Inc. Mr. Nathan also negotiates and prepares letters of credit, guarantees, security, consignment, bailment, tolling, and other agreements for credit departments of institutional clients. Mr. Nathan is also involved in the negotiation and preparation of loan, letter of credit, and factoring documentation and other matters for banks, asset-based lenders and factors. |
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