True Sale of Accounts

Thursday, November 2, 2017, 1:00 PM - 2:00 PM PT

The Venue: Webinar

The Schedule:

  • Thursday, November 2, 2017: 1pm - 2pm PDT (Pacific)
One of the first and most important battles in your factoring client’s bankruptcy will be over whether or not your factoring is a true sale. This same issue can face factors in civil litigation as well. Courts in different jurisdictions apply varying tests on this issue. However, there are some key elements that factors can include in their factoring agreements to help prove a true sale under any of these tests. Factors are encouraged to review their nonrecourse and recourse agreements with these key elements in mind.

Topics:

  • * The tests applied by courts to determine if a factoring relationship is either a true sale of accounts or a loan.
  • * The consequences of a court’s determination that your factoring relationship is a loan rather than a true sale of accounts.
  • * The drafting tools that you can proactively employ today to help set yourself up to win the “true sale” battle in court.

Instructors:

Deirdre M. Richards, Esq. – Partner, Fineman Krekstein & Harris PC
Ms. Richards concentrates her practice representing lenders and factors in bankruptcy litigation, loan workouts and commercial litigation in Pennsylvania, New Jersey and Delaware.

Lori E. Eropkin, Esq. – Associate, Levinson Arshonsky & Kurtz, LLP
Mrs. Eropkin has worked on behalf of lenders and factors since 2008. Her practice includes enforcing creditor rights in state and federal court and structuring asset based lending and factoring transactions. Mrs. Eropkin is admitted to practice law in both California and Oklahoma.

Fee:

The fee for this webinar is $50 ($75 for Non-IFA Members)


On Line Registration
or
info@factoring.org
or
call 1-805-773-0011 for more information

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