Risk Mitigation Tools

Risk Mitigation Tools When Unsecured Open Account Terms Are Off the Table

General Information Time: 3:00 - 4:30 pm ET Cost: Members: $299  NonMembers: $349

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Description

This session discusses credit insurance, accounts receivable puts, letters of credit, purchase money and other security interests and consignments and guarantees as risk mitigation tools that could be used to allow a credit executive to say yes when confronted with a financially distressed customer at risk of filing bankruptcy. The speakers will discuss how each of these tools work, the right terms that make them effective risk mitigation tools, and the key issues that creditors need to be aware of when negotiating and then seeking to obtain payment to minimize losses and maximize the likelihood of recovery on their claims.

Presenters

Bruce S. Nathan, Partner, Lowenstein Sandler LLP
Bruce S. Nathan, Esq. is a partner of Lowenstein Sandler LLP in the firm’s bankruptcy, financial reorganization and creditors’ rights group. Bruce has more than 30 years’ experience in the bankruptcy, restructuring and insolvency field. He co-chaired the Avoiding Powers Committee, which worked with the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11. He also is a former member of ABI’s board of directors and previously co-chaired ABI’s Unsecured Trade Creditor Committee. He authored ABI’s Trade Creditor Remedies Manual: Trade Creditor Rights under the UCC and Bankruptcy Code and contributes to ABI Journal’s Last in Line Column. Bruce also is a member of NACM’s Government Affairs Committee, a regular contributor to NACM's Business Credit, a contributing editor of NACM’s Manual of Credit and Commercial Laws, as well as a co-author of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: an Overhaul of U.S. Bankruptcy Law, published by NACM.

JC Barone, Executive Director, JP Morgan Securities Inc.
J.C. Barone is an Executive Director of JP Morgan’s Credit Trading Desk and is responsible for managing the global Credit Liquidity Solutions (“CLS”) business of JP Morgan, which includes underwriting Trade Receivable Put Options, financing and monetizing illiquid assets, such as Distressed Claims, Private Placements and other structured credit assets. J.C. has over 20 years experience in the financial services industry, with the last 17 years in the High-Yield/Distressed markets. He is a frequent speaker at national and global trade association meetings and seminars on credit and trade risk management. J.C. earned his Bachelor of Science in Finance from Manhattan College and his M.B.A. in Finance and Accounting from Cornell University’s Johnson Graduate School of Management.

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