The Retail Apocalypse Continues: Now with Challenges from COVID-19
Recorded On: 06/24/2020
This on-demand webinar is available for 14 days after purchase and you may watch the on-demand webinar as many times as you like.
This webinar will be a discussion of the impact of the pandemic on retailers and retail practices, rights of the supplier when attempting to collect existing accounts receivable, creditor practices for addressing the bankrupt retailer, including effects of the pandemic on the court and creditor issues such as extending terms and the ordinary course defense, and refining the terms and conditions section of sales contracts, agreements, and credit applications to minimize ongoing credit risk.
Brad Sandler, Esq., with Pachulski Stang Ziehl & Jones, is a member of the firm's Management Committee and Long-term Planning Committee and co-chair of the firm’s Creditors’ Committee Practice Group. He has substantial experience representing debtors, committees, acquirers, fiduciaries (including receivers and trustees), and other significant parties in interest in complex reorganizations and financially distressed situations, both in and out of court. Mr. Sandler’s recent committee representations include Ditech Holdings, Gymboree II, Payless I and II, Shopko, the Weinstein Company, Bon-Ton Department Stores, Woodbridge Group, BCBG Max Azria, Aeropostale and Sports Authority. Mr. Sandler was lead counsel in the LifeCare Hospital case that led to a substantial recovery to unsecured creditors after making new “class skipping” law in the Third Circuit. He has been selected for inclusion in Best Lawyers in America every year since 2013. He is ranked among Bankruptcy/Restructuring attorneys by Chambers USA, which states that he “boasts deep expertise in the representation of creditors' committees in complex Chapter 11 proceedings," and that he “blend[s] traditional legal skills with commercial negotiating and business sense." Chambers USA also notes that Mr. Sandler has been described as “a creative, calm, effective lawyer who is also quick, smart and aggressive.” He regularly speaks on insolvency topics around the United States. He is a graduate of Drexel University (MBA) and Temple University School of Law (J.D.). Scott Hazan, Esq., with Pachulski Stang Ziehl & Jones, has specialized for more than forty years in all aspects of bankruptcy throughout the country, including representing creditors' committees in many major chapter 11 cases in a wide variety of industries. These cases include Kmart, Macy's, Northwest Airlines, US Airways (I and II), Caldor Department Stores, BiLo Supermarkets, Ames Department Stores, Venture Stores, Natrol, Quiznos, Sbarro I, Penn Traffic (I and II), Terrestar Networks, Warnaco, Fruit of the Loom, Biderman Industries, Readers Digest (I and II) and Rotech Healthcare. Mr. Hazan has been designated by Turnaround & Workouts numerous times as one of the Outstanding Bankruptcy Lawyers in America and selected for listing in every edition of the K&A Restructuring Register as one of America’s Top 100 restructuring professionals. He has also been listed numerous times in Chambers USA—America’s Leading Lawyers for Business and Chambers Global (as one of the World’s Leading Lawyers), in multiple Marquis Who’s Who publications, in Super Lawyers (bankruptcy), and in New York Magazine (top New York lawyer in bankruptcy). He appears in every edition of The Best Lawyers in America, of Guide to the World’s Leading Insolvency & Restructuring Lawyers, of Practical Law Company’s Which Lawyer editions (restructuring and insolvency), and of Corporate Counsel's Top Lawyers (bankruptcy and creditor-debtor rights). Mr. Hazan also earned an “AV Preeminent Peer Rating,” Martindale-Hubbell's highest recognition for ethical standards and legal ability. Mr. Hazan holds a BA degree from Queens College of the City University of New York and a law degree from Brooklyn Law School where he was a member of the Brooklyn Law Review and a member of Moot Court. Mr. Hazan is admitted to practice in New York and is resident in our New York office. Moderator:
Originally trained as an accountant, Rod Wheeland, CCE, CAE, CGA became active in executive management and governance in the 1980's. For more than two decades, he served as President & CEO of NACM Commercial Services, one of the most successful trade associations in North America. During his tenure, in addition to the non-profit operations of the trade association and the for-profit operations of the service company, he was involved in mergers and acquisitions and the ownership and management of commercial office buildings. Prior to NACM, from 1990-1995, Rod was General Credit Manager for Pendleton Woolen Mills. From 1982-1990, he was a partner in the consulting firm of Dyrnes Wheeland (Portland, Oregon), where he focused on working capital management and effective credit, billing, and accounts receivable practices. During the 1980s, Rod began teaching college courses in business credit principles and financial analysis. In recent years, he's added classes on business law and credit law. He continues to enjoy teaching in adult education programs. Rod has served on several Boards as a Director and as an Officer, including Cascade Employers Association, Oregon Society of Association Management, NACM Oregon and NACM National, and West Willamette Habitat for Humanity. Rod received the Certified Credit Executive (CCE) designation from the National Association of Credit Management in 1991. He earned the Certified Association Executive (CAE) designation from the American Society of Association Executives in 2007. He has a BA from Eastern Washington University (Spokane) and an MA from York University (Toronto).