How to React If You Receive a Bankruptcy Notice

If you receive a bankruptcy notice, it means that a bankruptcy petition by or against a company that owes you money is accepted by the court. There are certain issues that need to be investigated and acted upon immediately.

Mr. Mark Pan, a certified PRC Lawyer working at the Everwin Law Office, will explain the types of bankruptcy and its process under the 2006 Enterprise Bankruptcy Law. He will also explain basic steps to protect yourself if your debtor is in bankruptcy. 

Program:

• Automatic stay - Should we stop debt collection activities?
• Goods in transit - Can and should we stop the shipment?
• Claim filing - Is claim filing a must? How should we do that?
• Executory contract - Do we have to honor our pre-bankruptcy contracts with the debtor?
• Set-off - Can we set off what they owe us against what we owe them?
• Preference and Fraudolent transaction - Will we have to return payments we received from the debtor?
• Creditors`meeting - What can and should we do at the creditors`meeting?
• Reorganization - How will the reorganization plan be voted on?
• Conciliation - What is the difference from Reorganization?
• Liquidation - Who get paid first?
• Post-bankruptcy sale - Will we get paid for goods and services delivered post-bankruptcy?
• Post-bankruptcy financing - Can we provide loans to a bankrupt company?

Speaker:

Mr. Mark Pan: Admitted as PRC lawyer in 2001, he specializes in Foreign Direct Investment, M&A, Financing, Corporate & Securities, Enterprises Restructuring, and Commercial Litigation and Arbitration. He has advised both foreign and domestic clients on a large number of FDI and M&A transactions involving manufacturing, real estate, hospitality, public utility, infrastructure, power, banking, securities, insurance etc. His services cover due diligence investigation, project structuring, document drafting and reviewing, negotiation and issuing legal advice. He is also experienced in real estate development, construction and IPR protection. He has represented domestic and international clients before China`s Supreme People`s Court and Chinese courts at other levels and CIETAC in resolution of disputes relating to FDI, international trade, real estate, construction and intellectual property protection.

Information and Registration

Date & Time: Thursday, December 3^rd, 2009
                       6:00-7:30pm

Venue: CCIC GZ office

Entrance Fee: including coffee break and informative materials

Registration Deadline: Monday, November 30^th, 2009

CAMERA DI COMMERCIO ITALIANA IN CINA
CHINA-ITALY CHAMBER OF COMMERCE

Camera riconosciuta dal Governo Italiano ai
sensi della Legge 1 Luglio 1970, n.518