New York, NY, October 28, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Instability and Bankruptcy of a Counterparty Company: Exposing the Risks in 2016 Live Webcast. This two-hour event is scheduled on December 8, 2015 at 10:00 AM - 12:00 PM ET.
Global economic turmoil and an environment of increasing interest rates in the U.S. could increase the likelihood of bankruptcy filings. Insolvency can have profound effects for both debtors and counterparties doing business with the company. Recovering funds from a debtor under bankruptcy protection is difficult for creditors unable to collect monies owed. However, prior to bankruptcy when a company is in distress, creditors can adopt certain strategies to minimize the negative impact of a bankruptcy filing. Generally, upon the filing of a bankruptcy petition by a debtor, an automatic stay arises on property of the estate. However, in certain instances - forward contracts, master netting agreements, and swap agreements - the Bankruptcy Code allows parties to terminate and liquidate rights and to foreclose on collateral, but prompt evaluation of qualification is critical. While it can be difficult for creditors to recover funds in bankruptcy, there are still ways creditors can minimize the impact and maximize recoveries. An understanding of the Bankruptcy Code is critical.
It is in the best interest of counterparties to understand the risks faced by companies with declining credit worthiness prior to the filing for bankruptcy. In these challenging times, all companies should assess and try to mitigate counterparty risks. It is prudent for every business to know the financial status of its counterparties, customers, suppliers, and vendors. It is also essential to analyze and amend business terms, consider termination or review renewal of expiring contracts, analyze aging accounts receivable, reduce preference exposure, determine and improve available rights and remedies, and understand and protect your rights under bankruptcy.
In this two-hour, live Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help creditors understand the important aspects of this significant topic. Speakers will review and discuss Instability and Bankruptcy of a Counterparty Company: Exposing the Risks in 2016. The panel of speakers also will offer best practices in developing and implementing an effective program to mitigate credit risks, reduce counterparty bankruptcy exposure, and to recover funds.
Key topics include:
· Key provisions of the Bankruptcy Code
· Creditors’ Rights
· Types of Claims
· Recovery Options
· Involuntary Bankruptcy Petitions – Pros, Cons and Risks
· Safe Harbor Provisions
· The Automatic Stay
· Executory Contracts
· Preferential and Fraudulent Transfers
· Development and Implementation of Effective CMS
· Compliance and Litigation Risks
· Best Practices
Henry J. Jaffe
Pepper Hamilton LLP
Getzler Henrich & Associates LLC
Edward A. Phillips, CPA/CFF, CIRA, CFE
For an updated list of the faculty panel, please visit:
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.