Businesses routinely extend credit to their customers for various transactions, making themselves lenders and, more often than not, unsecured creditors. The best customers pay their invoices in a timely manner. But what happens when repayment does not follow? When the customer resorts to filing for bankruptcy protection, do the unsecured creditors get paid? Can the business be forced to continue to work with customers in bankruptcy? Can a business protect itself without going to the attorney’s office for each sale made?
This program is designed to discuss the rights and options of businesses, as creditors, in Bankruptcy Court. In addition, some common methods of minimizing losses will be reviewed – account guaranties, security agreements, deposits, etc. Learn about how to maximize the ability to collect outstanding debt through settlements and workouts. Other topics include documenting the transaction and credit terms, how to make a demand for payment, and when it is necessary to go to the attorney’s office.
Bob Cunningham has represented businesses and lenders for over 35 years. Edgar Smith is a litigator with broad experience helping businesses anticipate, litigate, and resolve disputes.
This event was presented Wednesday, January 21, 2015.
11:45 a.m. – 1:00 p.m.
Brunswick-Golden Isles Chamber of Commerce, 1505 Richmond Street, Brunswick, GA 31520
Robert M. Cunningham, HunterMaclean
Edgar M. Smith, HunterMaclean
There is no charge to attend, but attendance is limited to 50. Please register at http://bit.ly/1wPeTVO