The Role of Customers in Chapter 11 Bankruptcy Proceedings

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The Role of Customers in Chapter 11 Bankruptcy Proceedings

August 8, 2023 | Virtual

Sponsored by SC&H Capital

 SC&H Capital logo

This three-part webinar series will discuss key topics associated with chapter 11 bankruptcy sales, including understanding executory contract rejection, the role of customers in chapter 11 bankruptcy proceedings, and change of control via § 363 sales vs. plans of reorganization. These 30-minute sessions will feature timely commentary from industry leaders and will focus on what practitioners, management, investors and lenders need to know.

Session 2: Customer Involvement in Chapter 11 Bankruptcy: Assessing Their Impact on a Viable Plan or Sale

Customers can play a significant role in Chapter 11 bankruptcy proceedings, both in terms of the value they add to (or detract from) the debtor's business and their potential rights as creditors. In this panel discussion, we will explore the role of customers in Chapter 11 bankruptcy proceedings and the impact they can have on the process, including:

  • The importance of maintaining or rejecting customer relationships and the impact that customer behavior can have on the success of the reorganization or sale process;
  • The creditor role of a customer that can arise by virtue of rejection damages, including the roles and rights a customer gains by becoming a creditor;
  • The consent and approval rights that customers may have in the Chapter 11 process and the implications of these rights for both the debtor and potential bidders in the sale process;
  • The impact that a change of ownership can have on customers, the protections they’re afforded, and how both are addressed in Chapter 11 bankruptcy proceedings.

This panel discussion will bring together experts in bankruptcy law, customer relationships, and business strategy to provide a comprehensive view of the role of customers in Chapter 11 bankruptcy proceedings. Whether you represent customers, creditors, or are simply interested in learning more about the bankruptcy process, this discussion will provide valuable insights into this complex area of the law.

Tuesday, August 8, 2023

12:00-12:30 PM EDT

This webinar is free to attend.

William J. Rochelle,
Moderator

American Bankruptcy
Institute
Alexandria, Va.

Hon. Kevin J. Carey
(ret.)

Hogan Lovells US LLP
Philadelphia
   

Sheryl L. Toby
Dykema Gossett PLLC
Bloomfield Hills, Mich.
   
   

Matthew E. Wilkins
Brooks Wilkins Sharkey
Turco PLLC
Birmingham, Mich.
   

Take a look at the first webinar in this series Executory Contracts and Customer Challenges in Chapter 11 Sales or stay tuned for our final session in the series taking place in November:

  • Change of Control via § 363 Sale vs. Plan of Reorganization; a panel featuring: Melissa Root, Managing Partner at Jenner & Block and Geoffrey Richards Head of Capital Structure Advisory at Raymond James.