Bankruptcy overview – How could this possibly have happened?

       a. Why do companies file?
       b. different chapters under the Bankruptcy Code
       c. who are all of these people and how can they affect my situation – trustee, United States Trustee, 
           examiner, judge. 
       d. Jurisdictional issues – Why am I here?

First Priority – look out! The train could have left the station before you know what track you were supposed to be on.

      a. What to do immediately
          - contractor rights/responsibilities and best practices
          - government actions (required and suggested)

       b. First day orders
            - use of cash collateral
           - continued business operations or shutdown
           - protection of employees and other parties in interest
           - WARN Act considerations

Lunch Break

II.         Government contract issues

            a. terminations (convenience/default)
            b. FAR bankruptcy clause – effect
            c. sub/prime issues; rights of subcontractor when prime contractor
                files
            d. novation
            e. assignment of government contract receivables
            f. effect of Assignment of Claims Act/UCC

III.        Bankruptcy issues

            a. relief from automatic stay
            b. discrimination against debtor, how that affects terminations
            c. setoff/recoupment
            d. buying assets in bankruptcy
            e. executory contract issues
            f. claims by Government agencies
            g. adversary proceedings (how to litigate government contract claims           
                in bankruptcy)
            h. employee claims
            i. interactions with Department of Labor