For the last 18 months, Drinker Biddle’s Andrew Flame has been working closely with NACM Gulf States (NACMGS), the second largest of 40 affiliates of the National Association of Credit Management (NACM), to provide NACMGS and its local and national trade group members interactive, custom-designed educational opportunities. The format of these opportunities has varied from podcasts to “Lunch & Learn” programs to full day symposiums on focused insolvency and collection subject matter. Always interactive, the programs provide information of greatest interest to NACMGS members and frequently the opportunity to apply what is learned through discussions of actual or hypothetical situations faced by NACMGS members or other credit professionals.
Most recently, Andrew and fellow Corporate Restructuring partner Steve Kortanek presented seminars on March 21 and 22, 2017, in Houston, Texas, to the Oilfield Service and Supply Trade Group and the Construction Industry Trade Groups of NACM Gulf States. Matt Sedigh, a Director of Conway MacKenzie in Los Angeles and Houston, served as the third panelist at both seminars, providing attendees with a rare look into the CRO’s vantage point as well as insight into relevant market trends. The seminars, “Weathering the Storm: Understanding Your Troubled Customers to Maximize Collections,” gave credit management professionals the unique perspective of a customer facing financial distress and defaults to its lenders, and various alternative distressed company outcomes.
Andrew and Steve provided NACMGS members with their nearly 50 years of combined experience as collection, insolvency and bankruptcy attorneys that commonly represent large and small creditors, lenders, distressed companies, debtors and official creditors’ committees in bankruptcy proceedings, out-of-court workouts, judicial and non-judicial foreclosures, and state and federal court litigation. A number of NACMGS members have served on bankruptcy creditors’ committees and during informal discussions were particularly interested in Andrew’s and Steve’s experience representing such committees in Delaware, New York and elsewhere throughout the United States.
Phaedra Vaughner, whose responsibilities include NACMGS member services, recognized Andrew and Drinker Biddle’s work by saying that “Andrew and Drinker have helped set a new level for educational programs at NACM. Andrew cares about our members, providing them the best substantive materials and experiences possible, and going as far to fly to Houston last year to meet with two of our members who were particularly interested in discussing bankruptcy issues. We at NACM greatly value our relationship with Andrew and Drinker Biddle and are already planning additional, new and innovative programs together.”
Andrew, Steve and Drinker Biddle are proud of their relationship with NACMGS and its local and national trade groups and look forward to the new, exciting projects and programs that are currently being planned for the months ahead.
About NACM Gulf States:
NACM Gulf States serves NACM members in South Texas, Louisiana and Mississippi. NACMGS is one of the premier NACM affiliates, and is currently the second largest of the over 40 NACM affiliates across the country. NACMGS is dedicated to service to its business-to-business credit granting membership and deeply committed to the very best in government representation, professional certification and education, service and products for the credit and financial profession. NACMGS has a full time staff of 25 located in offices in Houston and in Metairie, Louisiana.