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Customers and suppliers

In today’s complicated economy, both customers and suppliers worry more than ever about what will happen if the other side fails to perform. As a supplier, the prospect of customers not paying due to a default or bankruptcy filing has become all too real. As a customer, the consequences of a key supplier closing its doors or filing bankruptcy loom large.

We help manage the business risks of nonperformance in customer-supplier relationships, including:

  • Transaction structures
  • Due diligence
  • Purchase money collateral arrangements
  • Assurances of performance and guaranties
  • Asset recovery and collection
  • Relief from the automatic stay in bankruptcy
  • Sales to debtors in bankruptcy
  • Bankruptcy contract assumption/rejection