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Financial Poise™ and West LegalEd Center Air "What to Expect and Do When Your Customer Becomes Insolvent," on August 9th at 2:00 PM CST

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Financial Poise™ Webinars and West LegalEd Center are pleased to announce the August 9th premiere of a new webinar "What to Expect and Do When Your Customer Becomes Insolvent" which provides guidance on handling a customer's insolvency.

CHICAGO (PRWEB) August 04, 2018

Companies fail all the time, for all sorts of reasons. Some companies become distressed, or even insolvent, because of mismanagement; others because of fraud; others for myriad other reasons- some intrinsic to the company and some extrinsic.

Regardless of the cause, failing or failed companies create a unique set of issues, risks, and even opportunities for all involved. This area of law and finance has become so specialized that no fewer than five (American Bankruptcy Institute; Association of Insolvency & Restructuring Advisors; Commercial Law League of America; National Association of Federal Equity Receivers; Turnaround Management Association) national organizations exist to help those who specialize in the field to stay up to date on the latest developments, strategies, and tactics in the area. This Financial Poise RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2018 webinar series provides an understanding of these issues and risks, in addition to guidance as to strategies for harnessing opportunities arising from these failing/failed companies.

The third episode of the series, "What to Expect and Do When Your Customer Becomes Insolvent," airs on August 9th at 2:00 PM CST (Register Here) and features Moderator Jonathan Friedland of Sugar Felsenthal Grais & Helsinger. He is joined by Andrew J. Currie of Venable LLP, Hamid R. Rafatjoo of Raines, Feldman LLP, and Thaddeus D. Wilson of King & Spalding LLP.

Sometimes it begins when a client, tenant, or customer starts to slow-pay, with the result that your accounts receivable start to accrue gradually. Other times the issue presents itself more suddenly. Either way, you find your company is owed a great deal of money that looks like it may not be collected because your client/tenant/customer has filed bankruptcy, has commenced an assignment for the benefit of creditors, has been put into receivership, or is otherwise just plain insolvent. What do you do? What should you not do? The topics discussed in this webinar include the pros and cons of putting a counterparty into involuntary bankruptcy; when and how you may be able to pursue third parties (like guarantors, directors, or officers) for the amount owed; risks related to preference attack; pros and cons of sitting on a "creditors' committee" in a Chapter 11; how to negotiate for "critical vendor" protection in Chapter 11; and practical guidance for continuing to provide goods or services to an insolvent counterparty.

The RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2018 Series is produced by Financial Poise.™ Other episodes in the series include "A Distressed Company and its Secured Lender" airing on September 6th and "Federal Equity Receiverships - 101" airing on October 4th. All episodes premiere live at 2:00 PM CST. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.

As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.

About Financial Poise™

Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to individual investors and private business owners. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can "buy" her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/

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