When health care entities or their vendors face insolvency, nothing is simple.

Financial Restructuring & Bankruptcy attorneys Keith Owens and Catherine Youngman join series hosts José Jara and Margaret Davino for an informative and insightful discussion on bankruptcy, including examples and context specific to health care employers.

We’ll address:

• Warning signs that a vendor may be experiencing financial difficulties
• Your rights if a vendor goes into bankruptcy: obtaining goods and services, understanding payment and contractual obligations
• Considerations if your organization is facing credit issues
• When a payment to a vendor can be considered a “preference” and subject to clawback
• Enforceability of bankruptcy and anti-assignment clauses
• Obligations to employees and credit/bankruptcy issues
• Class actions, severance, employee priority and WARN Act claims
• The automatic stay on ability to collect any debt
• Lender covenants and what happens if they are breached 

The first event in our series, originally called Workplace Wakeup, covered privacy issues for employers, our second event covered what is on the EEOC’s Radar in 2024, our third event covered noncompetes, and our fourth event covered navigating a workplace investigation.