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NACM's annual legislative conference.
March 16-18, Arlington, Virginia
Jim Wise, NACM's Washington Representative, opened the General Session with a summary of current bankruptcy legislation status. Jim believed that the bill will pass through the House (on March 20, 2003, the House easily passed H.R. 975, the Omnibus Bankruptcy Reform Bill by a vote of 315-113 and sent it to the Senate for consideration) but is likely to stall in the Senate due to the problematic provision of the concerning discharge of debt for those convicted of violence against abortion clinics. The larger controversial aspects 01: the bill pertain to the means-testing requirements that would be imposed on individuals filing for ...
- The critical vendor roller coaster.(credit column)
- Magazine article from: Business Credit Nathan, Bruce February 1, 2008 700+ words
The critical vendor doctrine has had its ups and downs...drastic cutback of availability of critical vendor relief. Some commentators went as far to pronounce the death of the critical vendor doctrine in light of the Kmart decision...
- The dirty little secret of critical vendor orders: the hidden preference risk...
- Magazine article from: Business Credit Nathan, Bruce S. February 1, 2005 700+ words
...jurisdictions. But that is not the end of the critical vendor saga. What about those critical vendors...claims under final and nonappealable critical vendor orders? They have labored under the...credit terms. Export claimed it was a critical vendor entitled to payment of its ...
- "Critical vendor" status is no escape from preference risk.(CREDIT...
- Magazine article from: Business Credit Nathan, Bruce S. November 1, 2005 700+ words
...the "chosen ones," selected as a critical vendor to receive payment of its unsecured...during its Chapter 11 case. Preferred critical vendor status might expand in bankruptcy...A debtor may be induced to offer critical vendor relief to vendors enjoying these additional...
- Seventh Circuit Deals Blow to Critical Vendor Doctrine.(Kmart bankruptcy case)
- News wire article from: Mondaq Business Briefing June 16, 2004 700+ words
...deemed critical, provided that such "critical vendor" agreed to furnish goods on "customary...voluntarily return the payments. The "critical vendor" doctrine, which is routinely applied...reorganize. The application of the critical vendor doctrine results in the critical vendors...
- The Critical Vendor Doctrine.
- News wire article from: Mondaq Business Briefing February 10, 2004 700+ words
...with the development of the "critical vendor doctrine", creditors may have a meaningful alternative. The critical vendor doctrine applies to vendors...The authority for granting critical vendor status stems from the Bankruptcy...
- Party Ordered To Disgorge $1.25 Million 'Critical Vendor' Payment.
- News wire article from: Mondaq Business Briefing April 17, 2008 700+ words
...25 million payment it had received under critical vendor orders. However, the seemingly harsh...subsequently by final order (collectively, the "Critical Vendor Orders"). The Critical Vendor Orders specifically provided that if a...
- An end to complacency: the 7th Circuit rules against critical vendor...
- Magazine article from: Business Credit Borges, Wanda May 1, 2004 700+ words
...the last several years regarding "critical vendor" treatment has come to an end. This...discussion of the background to "critical vendor" payments. History The concept of "critical vendor" is older than the Bankruptcy Code...
- When customers go bankrupt: critical vendor status can help, but it's rare.(law)
- Magazine article from: Commercial Carrier Journal Seaton, Henry March 1, 2005 700+ words
...not worry because we will be named a critical vendor and our pre-petition debts will...ever come out of a bankruptcy. Does critical vendor status offer us any protection? A...of the filing. Therefore, the "critical vendor status" you mentioned is a very important...
