Bankruptcy
November 20-21, 2008

NACM is thrilled to be hosting a series of 1½-day workshops on vital legal topics at the NACM-National headquarters in Columbia, Maryland.

Credit professionals constantly face tough challenges, ever-changing issues and confusing complexities surrounding the legal environment of credit. Get insight into navigating these critical legal credit issues.

Presented by:

Bankruptcy: From the Ground Floor to Groundbreaking
Despite every diligent effort and safeguard, it is inevitable that at some point in one’s career, each credit executive will find themselves encountering a customer’s bankruptcy. Often this happens with no advance warning. Sometimes, the creditor has time to take precautionary steps to protect itself once the bankruptcy has been filed. This workshop is intended to be a soup to nuts approach on the Bankruptcy Code and the changes resulting from the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The program will include discussions on the impact of a trade creditor's ability to collect its claim and a creditor’s resources to evaluate whether to extend credit to a debtor in bankruptcy.

The Workshops’ primary focus will be:

• Bankruptcy Nuts and Bolts: A Quick Guide to the Basics in Bankruptcy
• Automatic Stay and Discharge Issues
• Claims issues (including priorities, claim filings, deadlines, objections)
• Secured vs. Unsecured Claims, including state and federal lien and trust fund rights that enhance the ability to collect a claim': the do’s and don'ts
• Essential Vendor Treatment
• Reclamation Rights and Pitfalls
• "20 day" Administrative Claim
• Executory Contracts: What are they? What to do about them?
• Setoff and Recoupment: Hidden Gold
• Sales and Puts of Claims: The Risks and the Rewards
• Preferences: the Good, Bad and Ugly
• Creditors' Committees
• Chapter 11 Plan Process
• Non-bankruptcy Alternatives, such as Assignments for the Benefit of Creditors and Out of Court Compositions

The Workshop will also touch upon:

• Voluntary vs. involuntary bankruptcy
• The risks to an involuntary petitioner
• The new obligations of Creditors’ Committees and how they are being handled
• The benefits and risks of selling to a chapter 11 debtor (is a priority administrative claim enough or should you seek enhancements?)
• Exceptions to Discharge

Questions and participant interaction are encouraged.

Registration Information
The tuition for each session is $450 for members and $495 for non-members. This covers the cost of the presentation, session materials, four meals and refreshment breaks.  Hotel and travel costs are not included in the tuition cost

Refund & Cancellation Policy
Due to inherent costs associated with establishing and holding these sessions and refilling participant slots, the following cancellation charge schedule has been established:

Hotel Information
Located in NACM’s “backyard”, The Staybridge Suites Columbia Hotel Baltimore is your home away from home. Conveniently located within the Washington, DC/Baltimore corridor, the hotel is nestled within a residential area with easy access to the interstate. Each spacious suite comes with all the comforts of home. Enjoy amenities such as spacious suite floor plan, separate living/work space, and free high-speed Internet access.

The Staybridge Suites Columbia Hotel Baltimore
8844 Columbia 100 Parkway
Columbia 100 Parkway
Columbia, Maryland 21045
Phone 410-964-9494
Fax 410-964-9249

Hotel Reservations
Program participants may make their hotel reservations at the Staybridge Suites. The hotel is adjacent to NACM's Headquarters office where the program is being held. Call the Staybridge Suites directly at 410-964-9494 to make your reservations. To ensure the conference rate of $124 for a studio suite, please make your reservation one month prior to arrival and mention NACM. After deadline, rooms are based on availability and prevailing rates. Check in time is 4:00pm and check out is 12:00pm.

Transportation Information
The Staybridge Suites Columbia Hotel Baltimore is located 10 miles from Baltimore/Washington International Airport (BWI). Taxis are available from the airport for approximately $40 one-way. You may also use “The Airport Shuttle” found on the lower level of the airport at baggage claim. The Airport Shuttle vans will be parked on the inner curb at Door 11 (Baggage Claim area 10) and the Southwest baggage claim area. Contact The Airport Shuttle at 1-800-776-0323.

CEUs and CPEs
Continuing Education Unit and Continuing Professional Education credits for these sessions are pending. Please check back soon to confirm their assigned value.