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COPYRIGHT 2007 National Association of Credit Management
NACM members got the opportunity to attend a Legal Symposium, Nov. 10-11, held in conjunction with the 86th New York Meeting of the Commercial Law League of America's (CLLA) Eastern Region Members' Association. This collaborative educational effort also provided an opportunity for NACM and CLLA members to network and forge new business and social friendships while discussing issues of mutual interest.
The first session was entitled "BAPCPA: One Year Later." BAPCPA (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) was an important milestone for business creditors, as it affected important issues, such as preferences and reclamation rights. Even though BAPCPA provisions did not take effect until Oct. 17, 2006, there has already been a significant amount of bankruptcy court activity and case law surrounding the legislation. On hand to lead the session were two bankruptcy...
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