The First Ten Commandments of Construction Credit
In this seminar and webinar Christopher Ng will explore 10 different substantive legal issues that every credit manager should be familiar with. These topics include:
- Bulletproofing Your Credit Application;
- Restructuring Debt and Securing Repayment Plans (including promissory notes with security, confessions of judgment, etc.);
- Enhancing Prelawsuit Collection Efforts (including strategies for impactful demand letters and exploring claims against third parties);
- Dealing with the Insolvent Customer and Bankruptcy (strategies in how to avoid preference claims, and squeezing “blood from a turnip”);
- Navigating Bankruptcy Court (exploring a to-do checklist once your customer files bankruptcy such as proof of claims, challenging discharge, etc.) ;
- Understanding Prejudgment Options and Remedies (including writs of attachment, selecting between tort versus contract claims, etc.);
- Maximizing Postjudgment Collection (postjudgment liens on real and personal property, wage garnishments, bank levies, debtor examinations);
- Avoiding the Battle of the Forms (when your customer sends a purchase order with objectionable terms and conditions, what should a credit manager do?)
- Fulfilling Your Role as the Gatekeeper (ensuring GMs, sales, and executives understand your vital role in your company)
- How to Efficiently and Effectively Utilize Your Attorney (what to expect from your attorney with respect to status updates, involving you in the legal process, and reasonable attorney’s fees and costs).
Christopher Ng is the managing partner-elect of Gibbs Giden Locher Turner Senet & Wittbrodt, LLP. He is a member of the firm’s Business and Commercial Law and Construction Law Departments where he primarily represents private and publicly-held companies in a wide range of business, commercial and construction transactions and disputes. Chris, a member of the State Bar of California and District of Columbia and licensed to practice in all California state and federal courts, is also an educator, active speaker, published author and frequent contributor to local, regional and national legal publications. For more than a decade, Chris has served as an adjunct professor and lecturer at Pepperdine University, California State University (Northridge), and Loyola Law School (Los Angeles). Chris is also an active member and leader within the American Bar Association in which he advocates for material suppliers and credit professionals on a national platform and serves on the diversity committee dedicated to eliminating bias and enhancing diversity and inclusion in the construction industry and legal profession. For his achievements, Chris has been named “Educator of the Year” by Credit Management Association and has regularly been named a “Rising Star” and “Superlawyer” by Los Angeles Magazine and Super Lawyers® (Thomson/Reuters) since 2009, a distinction conferred upon less than 2.5% of all California attorneys.