In this podcast, Andrew Flame and Kristin Going discuss how to evaluate a relationship with a customer who may be experiencing financial distress, what happens to contracts in bankruptcy, automatic stay orders and claims businesses can file to recover money the customer owes them. It is the first in a series of podcasts on how businesses can protect themselves if one of their customers files for bankruptcy. 

The podcasts highlight parts of the U.S. Bankruptcy Code that businesses should be aware of as their customer proceeds through the bankruptcy process such as the court’s automatic stay order, which means that a business has to cease all collection efforts in the pre-bankruptcy process. The guidance is provided through the lens of a fictional business, Alpha Auto Parts, and its bankrupt customer, Burning Cash Auto, to illustrate the various steps and options that a business has in working with a customer.

Listen to the Podcast Here