UTCC Focuses on Claims Buying, Selling at 2004 Annual Spring Meeting

A combined meeting of the Unsecured Trade Creditors Committee and Public Companies and Claims Trading Committee was held at the Annual Spring Meeting in Washington, D.C., on April 17, 2004. The joint meeting was highlighted by a presentation concerning claims buying and selling. The outstanding panel presented “Cutting Edge Business and Legal Issues Concerning Buying and Selling of Trade Receivables and Distressed Non-Public Paper,” and included Andrew I. Silfen of the Arent Fox Firm, with Matthew A. Gold of Argo Partners undertaking the position of the claims buyer and Joseph E. Myers CCE of the Clear Thinking Group Inc., who related his experience as a “claim seller.”

The presentation was followed by a brief committee meeting. Committee Member Bruce Nathan suggested that the committee renew its efforts to take advantage of a committee listserve for sharing ideas, issues and unpublished opinions. A summary explanation of how to access and utilize the listserve is being reviewed and will be distributed in a few weeks. Co-chairs Doug Fox, Deborah Thorne and Berry Spears are presently discussing the compilation of a committee meeting presentation for the Winter Leadership Conference in December 2004 in Scottsdale, Ariz. Please contact one of them if you have any suggestions.

OTHER STORIES
IN THIS ISSUE:

Better Late Than Never: The Informal Proof of Claim Doctrine

Creditors' Liquidating Trusts