Gain an understanding of set-off and recoupment to preserve and exercise your rights to collect the money owed to your company.
Sooner or later some of your customers will have business challenges. Two useful remedies available when your customers are in financial trouble are set-off rights and recoupment rights. You need to know what they are and how to use them. Learning to work with financially stressed customers is key to the success of your company. Many (but not all) of your customers with current problems will survive and thrive. You need to identify and help the survivors, because they will be loyal customers in the future. At the same time you must minimize your risk to those customers who will not make it and know how to collect the money. This topic will discuss the key issues for employing set-off and recoupment rights and some strategies and tactics to succeed in business with those in financial distress and to collect the money owed to your company.
Agenda
Faculty
Michael R. King
Gammage & Burnham, PLC
- Founding member of Gammage & Burnham, PLC
- Practice emphasizes creditors’ rights and construction issues, and also includes consulting and supervising throughout the firm’s areas of business
- Includes emphasis on creditors’ rights, bankruptcy cases, general litigation, loan documentation, workouts, foreclosures and forcible detainers, as well as deficiency collection and accounts collection
- Client list includes banks, mortgage companies, distributors in various industries and leasing companies
- Former director of the Arizona Chapter of the National Association of Credit Managers (NACM)
- Named Best Lawyer in the areas of bankruptcy and creditor debtor rights for the last 10 years by Best Lawyers in America
- Ranked as a Super Lawyer by Super Lawyers
- Ranked as one of Arizona’s Finest Lawyers by Arizona’s Finest Lawyers Foundation
- Can be contacted at https://www.gblaw.com/professional/michael-r-king/
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