WEBINAR - Vendor and Borrower Workouts: Resolving Claims and Resuming the Relationship

ACC Colorado Presents 

Vendor and Borrower Workouts:  
Resolving Claims and Resuming the Relationship

WEBINAR

Wednesday, October 19, 2022
10:30 AM – 11:30 AM MDT

CLICK HERE TO REGISTER

No Cost to Attend the Zoom Meeting
One (1) General CLE Credit Approved

Whether a result of the pandemic, key relationships that move businesses forward face challenges that require care and nurturing for the long haul. This webinar presentation will cover strategies for settling claims with vendors, contractors, and borrowers that could be tied to solvency and tightening credit issues.

This session will cover: 

• Strategies to resolve outstanding payment balances, including to preserve go-forward business. 
• Mitigating reputational harm when solvency issues become public.
• Communicating with banks/vendors/creditors regarding payment issues. 
• Communicating with borrowers concerning covenant and payment defaults.
• Evaluating payment plans with cost recoveries and interest, plus default provisions, versus letting the matter go to court.
• Ethics and appropriate use of delay tactics in vendor workouts.
• Banks versus other vendors – what information should/must you disclose regarding cash flow, solvency status, AP outstanding, etc.

Speakers:

Mark Bell, Banking & Financial Services Partner at Stinson LLP in Denver.

Lucas Schneider, Bankruptcy & Creditors' Rights Partner at Stinson LLP in Denver.