Presenters:
Jim Hopple, Schottenstein Zox and Dunn, Partner in the  Creditors’ Rights and Business Restructuring Practice Group
Tyson Crist, Schottenstein Zox and Dunn, Partner in the Creditors’ Rights and Business Restructuring Practice Group
 
Continuing adverse economic conditions in manufacturing, particularly in the automotive industry, have forced numerous manufacturers into bankruptcy — and that trend is likely to continue or worsen in the foreseeable future.  Sellers need to be aware of their rights and important considerations to reclaim their goods sold to a company that files for bankruptcy. Jim and Tyson discuss the rights of a vendor that has sold goods prior to a bankruptcy filing to reclaim possession of the goods or, in the alternative, to seek an administrative claim for the value of the goods.

 

 Vendor Rights In Bankruptcy [8:40m]: Play Now | Play in Popup | Download

Bankruptcy May Delay Taking Possession of Your Tooling

Presenters:
Jim Hopple, Schottenstein Zox and Dunn, Partner in the Creditors’ Rights and Business Restructuring Practice Group
Linda Mindrutiu, Schottenstein Zox and Dunn, Associate in the Creditors’ Rights and Business Restructuring Practice Group

Tough economic times, particularly in the automotive industry, have forced numerous manufacturers and processors in the automotive supply chain into bankruptcy.  Often the business filing bankruptcy will have possession of molds or tooling owned by another entity used to make product for that customer. 

A recent decision by the Bankruptcy Court in the Plastech Engineered Products, Inc. case in Michigan permitted Plastech, as the bankruptcy debtor, to keep possession of Chrysler’s tooling notwithstanding Chrysler’s attempts to move the tooling to another source. 

Please join us as Jim and Linda discuss the details of this decision and its potential adverse effects.

 

 Manufacturers Beware [7:45m]: Play Now | Play in Popup | Download