In today’s complicated economy, both customers and suppliers worry more than ever about what will happen if the other side fails to perform. As a supplier, the prospect of customers not paying due to a default or bankruptcy filing has become all too real. As a customer, the consequences of a key supplier closing its doors or filing bankruptcy loom large.

We help manage the business risks of nonperformance in customer-supplier relationships, including:

• Transaction structures
• Due diligence
• Purchase money collateral arrangements
• Assurances of performance and guaranties
• Asset recovery and collection
• Relief from the automatic stay in bankruptcy
• Sales to debtors in bankruptcy
• Bankruptcy contract assumption/rejection