|
APRIL 24, 2009
*Special Edition*
ARCHIVES
CLICK HERE for Open Road
e-newsletter archives.
CLICK HERE
for an Index of Regulatory
& Legal Articles from the Open
Road e-newsletter.
CLICK HERE
for Bulletin archives.
CLICK HERE for Colorado Auto
Outlook archives.
CLICK
HERE for Denver Auto
Outlook archives.
Visit our new Web site at
www.coloradodealers.org
CADA Hours of Operation
Monday to Thursday, 7 a.m. to 5 p.m.
Friday, 7 a.m. to 4 p.m.
CLICK HERE for a CADA staff listing
If you have
questions
or suggestions regarding this
e-newsletter, please
contact Lauren Stadler at
lauren.stadler@coloradodealers.org
If you want to be added to our mailing
list, please
CLICK HERE.
To remove yourself from this
list,
click on this link.
|
-------------------------------- |
Legal experts will preview the implications
of a manufacturer bankruptcy
to dealers – with an emphasis on:
What dealers can do to be prepared
Understand your rights and responsibilities in a bankruptcy proceeding:
-
Latest on federal
negotiations & resources NADA and CADA are pulling together
-
Bankruptcy process
and probable issues that may result–with practical advice on steps
dealers can take to best protect both business and personal assets:
-
What happens if a
dealer’s franchise agreement is terminated?
What options exist?
-
Can a dealer
still sell cars in Colorado without a franchise agreement?
-
What happens if a
floor-plan lender “calls-in” the inventory floor-plan loan?
-
How can the
dealer dispense with existing inventory?
- What about
modified inventory, is the manufacturer required to take
those back?
-
When might a dealer consider filing bankruptcy to obtain protection?
- Which local
attorneys possess special bankruptcy expertise?
- What are the
risks to a dealership owner’s personal assets?
-
When will
payments likely be made to dealers (rebates, warranty
receivables, etc.) by manufacturer and what about those made
within 90 days prior to bankruptcy filing?
-
What are the
limitations on using cash proceeds from sale of existing
inventory that is secured by a floor plan lender (i.e., secured
creditor)?
Plus many more issues . . .
-
State
law issues and implications including licensing and franchise laws
|
Date /
Time |
Location |
|
Friday, May 1st
Noon to 1:30pm (MDT)
Q&A may last until 2:00pm |
WEBINAR:
NO NEED TO LEAVE YOUR OFFICE!!
·
Listen to the
presenter / conference call over a phone line or cell
·
View presentation
slides on your computer via the Internet (optional)
·
Participants are
able to submit questions directly to the presenters via
computer as well; will be asked verbally by moderator for
discussion
Details on how to call / link to the session
will be provided to registrants the day prior
|
John Wasserman,
Attorney, Sender & Wasserman, PC, Denver
John Wasserman is an
expert in Chapter 7 and 11 bankruptcy cases with extensive experience in
Chapter 11 cases in a wide variety of industries.
William E. Walters, III,
Attorney, Kelly Garnsey Hubbell + Lass LLC, Denver
Bill Walters has been the
outside counsel for CADA for nearly thirty years and has special
expertise in automotive law; he has represented franchised dealers for
over twenty-five years.
Michael G. Charapp,
Attorney, Charapp & Weiss, LLP, Virginia / Washington, DC
Mike Charapp, former
general counsel of a nationally recognized dealer group; has conducted
numerous recent sessions on the implications to dealers of a
manufacturer bankruptcy.
|
