SlideShare a Scribd company logo

Bankruptcy 101 video 1

•Download as PPTX, PDF•
•
Reisman Law Firm, LLC
Reisman Law Firm, LLC
Economy & Finance
1 of 10
BANKRUPTCY 101 For Trade Creditors Presented by Attorney Glenn Reisman Glenn.Reisman@ge.com
Basic Terminology 1 •Debtor •Chapter 7 •Chapter 11 •Chapter 9 •Chapter 15
Basic Terminology 2 •Trustee •US Trustee •Bankruptcy Judge •Filing Date/Petition Date •Pre-petition vs Post-petition
Secured Creditors •Security Interests (sales of goods) •Mechanics’ Liens (goods and/or services) •Bond Claims •Artisans’ liens
Unsecured Creditors •Trade Creditors •Letters of Credit  Commercial  Standby •Sales Without Passing Title  Sale or Return  Consignments •Joint Check Agreements
Lawyers and/or Collection Agencies
How to Respond to a Bankruptcy Filing •Reclamation Letter •20-day Rule = 503(b)(9) •Setoff •Executory contracts •Critical Vendors •File a proof of claim •Sell the Claim •Unsecured Creditors Committee
Preference Payments Basic Defenses •Cash-in-Advance •Secured Creditor •Subsequent “New Value”
Which are the creditors? Which are the debtors?
If you have any questions, contact Glenn Reisman Glenn.Reisman@ge.com (203) 944-0401

Recommended

Bankruptcy 101 for Trade Creditors
Bankruptcy 101 for Trade CreditorsBankruptcy 101 for Trade Creditors
Bankruptcy 101 for Trade CreditorsReisman Law Firm, LLC
 
Closing a Shortsale
Closing a ShortsaleClosing a Shortsale
Closing a ShortsaleWes McGaffin
 
Florida Real Estate Litigation Issues By Lloyd Schwed
Florida Real Estate Litigation Issues By Lloyd SchwedFlorida Real Estate Litigation Issues By Lloyd Schwed
Florida Real Estate Litigation Issues By Lloyd SchwedLloyd Schwed
 
DOET & CONNEXION
DOET & CONNEXIONDOET & CONNEXION
DOET & CONNEXION11PARTNERSIN2011
 
งานคอม 18.11.11
งานคอม 18.11.11งานคอม 18.11.11
งานคอม 18.11.11Narongrit Hotrucha
 
Pupukaw script
Pupukaw scriptPupukaw script
Pupukaw scriptbluerj
 
SEM 5- T.T - Chapter 3 f
SEM 5- T.T - Chapter 3 fSEM 5- T.T - Chapter 3 f
SEM 5- T.T - Chapter 3 fBTEC UTeM
 
果凍股票心得分享
果凍股票心得分享果凍股票心得分享
果凍股票心得分享yo98892011
 

Recommended

Bankruptcy 101 for Trade Creditors
Bankruptcy 101 for Trade CreditorsBankruptcy 101 for Trade Creditors
Bankruptcy 101 for Trade CreditorsReisman Law Firm, LLC
 
Closing a Shortsale
Closing a ShortsaleClosing a Shortsale
Closing a ShortsaleWes McGaffin
 
Florida Real Estate Litigation Issues By Lloyd Schwed
Florida Real Estate Litigation Issues By Lloyd SchwedFlorida Real Estate Litigation Issues By Lloyd Schwed
Florida Real Estate Litigation Issues By Lloyd SchwedLloyd Schwed
 
DOET & CONNEXION
DOET & CONNEXIONDOET & CONNEXION
DOET & CONNEXION11PARTNERSIN2011
 
งานคอม 18.11.11
งานคอม 18.11.11งานคอม 18.11.11
งานคอม 18.11.11Narongrit Hotrucha
 
Pupukaw script
Pupukaw scriptPupukaw script
Pupukaw scriptbluerj
 
SEM 5- T.T - Chapter 3 f
SEM 5- T.T - Chapter 3 fSEM 5- T.T - Chapter 3 f
SEM 5- T.T - Chapter 3 fBTEC UTeM
 
果凍股票心得分享
果凍股票心得分享果凍股票心得分享
果凍股票心得分享yo98892011
 
الاختبار النهائي
الاختبار النهائيالاختبار النهائي
الاختبار النهائيsasso_ik
 
Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)filipj2000
 
Presentation of my mini research
Presentation of my mini researchPresentation of my mini research
Presentation of my mini researchSandra Aja
 
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...International Water Management Institute (IWMI)
 
Chanakya neeti
Chanakya neetiChanakya neeti
Chanakya neetiArchish upadhyay
 
Lownes_Unit9
Lownes_Unit9Lownes_Unit9
Lownes_Unit9Warren Lownes
 
BUSTRIP Newletter 2
BUSTRIP Newletter 2BUSTRIP Newletter 2
BUSTRIP Newletter 2Union of the Baltic Cities Sustainable Cities Commission
 
論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表yama8080
 
DGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital PortfolioDGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital PortfolioDavid A. Garc
 
Corega wireless camera instruction manual
Corega wireless camera instruction manualCorega wireless camera instruction manual
Corega wireless camera instruction manualcristeaflorin2000
 
Nacionalni parkovi
Nacionalni parkoviNacionalni parkovi
Nacionalni parkoviTanja Milanović
 
Researching Religious Traditions
Researching Religious TraditionsResearching Religious Traditions
Researching Religious TraditionsNicoleBranch
 
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)CI&T
 
การสร้างแผนภูมิ
การสร้างแผนภูมิการสร้างแผนภูมิ
การสร้างแผนภูมิMeaw Sukee
 
En que direccion me encuentro
En que direccion me encuentroEn que direccion me encuentro
En que direccion me encuentroEdsel Barbosa González
 
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential Adam Leitman Bailey, P.C.
 
Loan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and ModificationLoan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and ModificationKaufman & Canoles
 
DiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdfDiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdfChristian Olesen
 
Beware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending ProcessBeware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending ProcessColleen Beck-Domanico
 
Laurus Title - Short Sale Processing
Laurus Title - Short Sale ProcessingLaurus Title - Short Sale Processing
Laurus Title - Short Sale Processinglaurustitle
 
Mortgage Delinquency & Collections
Mortgage Delinquency & CollectionsMortgage Delinquency & Collections
Mortgage Delinquency & CollectionsKaufman & Canoles
 
Business Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With DefaultsBusiness Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With DefaultsFinancial Poise
 

More Related Content

Viewers also liked

الاختبار النهائي
الاختبار النهائيالاختبار النهائي
الاختبار النهائيsasso_ik
 
Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)filipj2000
 
Presentation of my mini research
Presentation of my mini researchPresentation of my mini research
Presentation of my mini researchSandra Aja
 
論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表yama8080
 
DGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital PortfolioDGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital PortfolioDavid A. Garc
 
Corega wireless camera instruction manual
Corega wireless camera instruction manualCorega wireless camera instruction manual
Corega wireless camera instruction manualcristeaflorin2000
 
Researching Religious Traditions
Researching Religious TraditionsResearching Religious Traditions
Researching Religious TraditionsNicoleBranch
 
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)CI&T
 
การสร้างแผนภูมิ
การสร้างแผนภูมิการสร้างแผนภูมิ
การสร้างแผนภูมิMeaw Sukee
 

Viewers also liked (15)

الاختبار النهائي
الاختبار النهائيالاختبار النهائي
الاختبار النهائي
 
Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)Qinghai tibet railway 000 (r)
Qinghai tibet railway 000 (r)
 
Presentation of my mini research
Presentation of my mini researchPresentation of my mini research
Presentation of my mini research
 
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...
Definition and Categorization of Small Water Infrastructures (SWIs) in Limp...
 
Chanakya neeti
Chanakya neetiChanakya neeti
Chanakya neeti
 
Lownes_Unit9
Lownes_Unit9Lownes_Unit9
Lownes_Unit9
 
BUSTRIP Newletter 2
BUSTRIP Newletter 2BUSTRIP Newletter 2
BUSTRIP Newletter 2
 
論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表論文の読み方・書き方　グループ発表
論文の読み方・書き方　グループ発表
 
DGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital PortfolioDGarcia de la Pena Digital Portfolio
DGarcia de la Pena Digital Portfolio
 
Corega wireless camera instruction manual
Corega wireless camera instruction manualCorega wireless camera instruction manual
Corega wireless camera instruction manual
 
Nacionalni parkovi
Nacionalni parkoviNacionalni parkovi
Nacionalni parkovi
 
Researching Religious Traditions
Researching Religious TraditionsResearching Religious Traditions
Researching Religious Traditions
 
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
Technical Debt - Why should you care? (Agiles Buenos Aires 2011)
 
การสร้างแผนภูมิ
การสร้างแผนภูมิการสร้างแผนภูมิ
การสร้างแผนภูมิ
 
En que direccion me encuentro
En que direccion me encuentroEn que direccion me encuentro
En que direccion me encuentro
 

Similar to Bankruptcy 101 video 1

Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential Adam Leitman Bailey, P.C.
 
Loan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and ModificationLoan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and ModificationKaufman & Canoles
 
DiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdfDiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdfChristian Olesen
 
Beware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending ProcessBeware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending ProcessColleen Beck-Domanico
 
Laurus Title - Short Sale Processing
Laurus Title - Short Sale ProcessingLaurus Title - Short Sale Processing
Laurus Title - Short Sale Processinglaurustitle
 
Mortgage Delinquency & Collections
Mortgage Delinquency & CollectionsMortgage Delinquency & Collections
Mortgage Delinquency & CollectionsKaufman & Canoles
 
Business Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With DefaultsBusiness Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With DefaultsFinancial Poise
 
Keeping the Gold: Successfully Resolving Preference Claims
Keeping the Gold: Successfully Resolving Preference ClaimsKeeping the Gold: Successfully Resolving Preference Claims
Keeping the Gold: Successfully Resolving Preference ClaimsKegler Brown Hill + Ritter
 
Bcmma presentation-final-selling-a-b-deal
Bcmma presentation-final-selling-a-b-dealBcmma presentation-final-selling-a-b-deal
Bcmma presentation-final-selling-a-b-dealRichard Earles
 
Credit Risk Mitigation Tips and Tools
Credit Risk Mitigation Tips and ToolsCredit Risk Mitigation Tips and Tools
Credit Risk Mitigation Tips and ToolsArielMcCurdy
 
Rob Rosa & Rubicon Crossings - Short Sale listing review for client
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa & Rubicon Crossings - Short Sale listing review for client
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa
 
Buyer and seller beware - Distressed M&A successor liability
Buyer and seller beware - Distressed M&A successor liability Buyer and seller beware - Distressed M&A successor liability
Buyer and seller beware - Distressed M&A successor liability Jessica Johnson
 
M&A What VCs Should Know
M&A What VCs Should KnowM&A What VCs Should Know
M&A What VCs Should KnowRoger Royse
 
What New and Small Businesses Need to Know: Contracts and Agreements
What New and Small Businesses Need to Know: Contracts and AgreementsWhat New and Small Businesses Need to Know: Contracts and Agreements
What New and Small Businesses Need to Know: Contracts and Agreementslerchearly
 
Section 1031 Like Kind Exchange Guidance
Section 1031 Like Kind Exchange GuidanceSection 1031 Like Kind Exchange Guidance
Section 1031 Like Kind Exchange GuidanceRockland Trust
 
LCAR Unit 18 - Sales Contracts - 14th Edition Revised
LCAR Unit 18 - Sales Contracts - 14th Edition RevisedLCAR Unit 18 - Sales Contracts - 14th Edition Revised
LCAR Unit 18 - Sales Contracts - 14th Edition RevisedTom Blefko
 
LCAR Unit 18 - Sales Contracts - 14th Edition Revised Revised
LCAR Unit 18 - Sales Contracts - 14th Edition Revised RevisedLCAR Unit 18 - Sales Contracts - 14th Edition Revised Revised
LCAR Unit 18 - Sales Contracts - 14th Edition Revised RevisedTom Blefko
 
Dealing with the financially distressed seller
Dealing with the financially distressed sellerDealing with the financially distressed seller
Dealing with the financially distressed sellerDave Gormley
 

Similar to Bankruptcy 101 video 1 (20)

Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
Adam Leitman Bailey and Andrew Jorges Speak at Town Residential
 
Loan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and ModificationLoan Modification – Workout Plans and Modification
Loan Modification – Workout Plans and Modification
 
DiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdfDiConza's slides on bankruptcy law, from NYU class, 2013.pdf
DiConza's slides on bankruptcy law, from NYU class, 2013.pdf
 
Beware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending ProcessBeware of Dangers Lurking in the Lending Process
Beware of Dangers Lurking in the Lending Process
 
Laurus Title - Short Sale Processing
Laurus Title - Short Sale ProcessingLaurus Title - Short Sale Processing
Laurus Title - Short Sale Processing
 
Mortgage Delinquency & Collections
Mortgage Delinquency & CollectionsMortgage Delinquency & Collections
Mortgage Delinquency & Collections
 
Business Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With DefaultsBusiness Borrowing Basics 2020 - Dealing With Defaults
Business Borrowing Basics 2020 - Dealing With Defaults
 
Keeping the Gold: Successfully Resolving Preference Claims
Keeping the Gold: Successfully Resolving Preference ClaimsKeeping the Gold: Successfully Resolving Preference Claims
Keeping the Gold: Successfully Resolving Preference Claims
 
Bcmma presentation-final-selling-a-b-deal
Bcmma presentation-final-selling-a-b-dealBcmma presentation-final-selling-a-b-deal
Bcmma presentation-final-selling-a-b-deal
 
Credit Risk Mitigation Tips and Tools
Credit Risk Mitigation Tips and ToolsCredit Risk Mitigation Tips and Tools
Credit Risk Mitigation Tips and Tools
 
Protests 101
Protests 101Protests 101
Protests 101
 
Rob Rosa & Rubicon Crossings - Short Sale listing review for client
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa & Rubicon Crossings - Short Sale listing review for client
Rob Rosa & Rubicon Crossings - Short Sale listing review for client
 
Buyer and seller beware - Distressed M&A successor liability
Buyer and seller beware - Distressed M&A successor liability Buyer and seller beware - Distressed M&A successor liability
Buyer and seller beware - Distressed M&A successor liability
 
Nyls lecture 5 eligibiity to be a debtor
Nyls lecture 5 eligibiity to be a debtorNyls lecture 5 eligibiity to be a debtor
Nyls lecture 5 eligibiity to be a debtor
 
M&A What VCs Should Know
M&A What VCs Should KnowM&A What VCs Should Know
M&A What VCs Should Know
 
What New and Small Businesses Need to Know: Contracts and Agreements
What New and Small Businesses Need to Know: Contracts and AgreementsWhat New and Small Businesses Need to Know: Contracts and Agreements
What New and Small Businesses Need to Know: Contracts and Agreements
 
Section 1031 Like Kind Exchange Guidance
Section 1031 Like Kind Exchange GuidanceSection 1031 Like Kind Exchange Guidance
Section 1031 Like Kind Exchange Guidance
 
LCAR Unit 18 - Sales Contracts - 14th Edition Revised
LCAR Unit 18 - Sales Contracts - 14th Edition RevisedLCAR Unit 18 - Sales Contracts - 14th Edition Revised
LCAR Unit 18 - Sales Contracts - 14th Edition Revised
 
LCAR Unit 18 - Sales Contracts - 14th Edition Revised Revised
LCAR Unit 18 - Sales Contracts - 14th Edition Revised RevisedLCAR Unit 18 - Sales Contracts - 14th Edition Revised Revised
LCAR Unit 18 - Sales Contracts - 14th Edition Revised Revised
 
Dealing with the financially distressed seller
Dealing with the financially distressed sellerDealing with the financially distressed seller
Dealing with the financially distressed seller
 

Recently uploaded

The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptxFinTech Belgium
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignHenry Tapper
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdfFinTech Belgium
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...ssifa0344
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryPooja Nehwal
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxanshikagoel52
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingMaristelaRamos12
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Pooja Nehwal
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spiritegoetzinger
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdfAdnet Communications
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfGale Pooley
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 

Recently uploaded (20)

The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptx
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 

Bankruptcy 101 video 1

  • 1. BANKRUPTCY 101 For Trade Creditors Presented by Attorney Glenn Reisman Glenn.Reisman@ge.com
  • 2. Basic Terminology 1 •Debtor •Chapter 7 •Chapter 11 •Chapter 9 •Chapter 15
  • 3. Basic Terminology 2 •Trustee •US Trustee •Bankruptcy Judge •Filing Date/Petition Date •Pre-petition vs Post-petition
  • 4. Secured Creditors •Security Interests (sales of goods) •Mechanics’ Liens (goods and/or services) •Bond Claims •Artisans’ liens
  • 5. Unsecured Creditors •Trade Creditors •Letters of Credit  Commercial  Standby •Sales Without Passing Title  Sale or Return  Consignments •Joint Check Agreements
  • 6. Lawyers and/or Collection Agencies
  • 7. How to Respond to a Bankruptcy Filing •Reclamation Letter •20-day Rule = 503(b)(9) •Setoff •Executory contracts •Critical Vendors •File a proof of claim •Sell the Claim •Unsecured Creditors Committee
  • 8. Preference Payments Basic Defenses •Cash-in-Advance •Secured Creditor •Subsequent “New Value”
  • 9. Which are the creditors? Which are the debtors?
  • 10. If you have any questions, contact Glenn Reisman Glenn.Reisman@ge.com (203) 944-0401