When Bankruptcy May Strike Your Customer, Supplier, or Contractual Counter-Party: Maximizing Your Creditor Rights and Remedies and Minimizing Risks

As experts debate whether the U.S. economy is headed toward a recession and as the credit markets continue to tighten, business bankruptcy filings are on the rise. The descent of a company into insolvency, and potentially bankruptcy, can cause significant problems for other parties with whom it does business. These problems can range from substantial nonpayment to protracted litigation. This session provided practical and prophylactic strategies to maximize your rights while minimizing the risks that a troubled company may present to your enterprise.

Presenters included: David McKee, Metaldyne Corporation; Jill L. Murch, Foley & Lardner LLP; and Michael P. Richman, Foley & Lardner LLP.