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Loose Lips Sink Ships


Wed, September 6, 2017, 03:00 - 04:30


Loose Lips Sink Ships

 Teleconference Information

Time: 3:00 - 4:30 pm ET
Cost: Members: $95
Non-Members: $195

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This program, inspired by and an NACM member, should be a wake-up call to all. This program explores a number of areas where the slip of the tongue or inclusion of damaging information in one’s file could land credit professionals into ?hot water? and possibly liability. First, there will be a discussion of preference claims and what ?smoking guns? in a file can make it more difficult and costly for a creditor to successfully defend against a preference claim. There will also be a discussion of what is and is not a permissible communication at a trade group meeting, responding to a request for a reference and other communications between credit professionals, and the risk of costly antitrust litigation if credit professionals engage in impermissible discussions. Next to be considered are improper communications of an adverse action in violation of the Equal Credit Opportunity Act and Regulation B and the Fair Credit Reporting Act and what should and should not be communicated.


Bruce S. Nathan, Esq.
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.