Protecting Carrier Interests in Shipper and Broker Bankruptcies

December 1, 2013

First Advantage Webinar on Bankruptcy.Presentation by Henry Seaton:  Summary

  • Unsecured creditors finish last.
  • Banks win because of secured position.
  • As a general unsecured creditor, absent “something else†carriers and brokers can expect little or none of pre-petition receivables to be paid.