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284.G1 Bankruptcy Basics for Electric Cooperatives
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284.G1 Bankruptcy Basics for Electric Cooperatives

5/8/2019
When: Wednesday, May 8, 2019
9:00 AM
Where: Electric Cooperative Training Center
955 Rumble Road
Forsyth, Georgia  31029
United States
Presenter: Teri Wallis from Continuum Education
Contact: Lauren Dodson
7702706964


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284.G1 Bankruptcy Notifications and the Cooperative
This one day course focuses on the handling of bankruptcy notifications and best practices in minimizing risk of losses for your business.  The course has been designed from a practical perspective for those who are responsible for handling and overseeing the notification process, creating policies and procedures, and mitigating risk for your organization.  Topics to be covered include:

·       Bankruptcy basics – Bankruptcy code, chapter 7, chapter 13, consumer.  Define and assimilate basic bankruptcy concepts, compare and contrast concepts, and understand the rights and obligations of your organization.  Court system basics.  Words to be on the lookout for, including which ones to pay close attention to.

·       “How to’s” – Processing and handling of bankruptcy notifications.  Not all cases are worth your time and resources.  Find out when to hold to the process and when to fold.  Know what the rights are of you as a creditor.  Avoiding actions that could prohibit collection. 

·       Determine  standardized handling procedures that can be established given the complexity and variation of bankruptcy notifications.

·       Preventative measures – Managing the impact of bankruptcies to your organization.  Determining the financial risk profile of your organization regarding bankruptcies and associated responses to mitigate risks. 

·       Understanding rate design and profit margins and the use of standard operating procedures.

·       Handling holdings on the Balance Sheet – What about deposits and capital credits?

·       Forward thinking Strategies – Create an action plan for and task list for your organization to minimize losses and maximize preparedness given your potential risk. 

Participants attending are encouraged to bring:

·       Bankruptcy notification examples for the group to learn from (with personal/business details removed).

·       Your questions and experiences!

Instructor:

Teri Wallis

 Teri is passionate and experienced in providing education, training and consultative services to electric utilities.  She has over 20 years of experience working in and with utilities across the nation to help solve their business needs.  Teri’s knowledge comes from a deep understanding and work in the areas of finance and accounting.  She is a skilled planner ranging from the broad outcomes of facilitating strategy sessions, to the details of building a roadmap to the future, and forecasting the financial impacts. She is an engaging high energy instructor using interactive content designed for adult learning. Teri’s experience is both at the National level as well as CFO for a utility as well as work in other industries. She has an M.B.A. in finance, a B.S. in accounting, and is completing a Doctor of Education in adult education.  Teri is an experienced instructor that brings her experience in accounting and adult education to every class she teaches 

The tuition for this course is $225 per participant and includes course materials and lunch. Your cooperative will be invoiced upon completion of the course. If you have any additional questions, please contact Lauren Dodson at lauren.dodson@georgiaemc.com.

Our Mission: Provide leadership and unity through advocacy, education and communications.

Georgia Electric Membership Corp. Headquarters
2100 E Exchange Place, Suite 510
Tucker, GA 30084

Front Desk: (770) 270-6950
Toll-Free: (800) 544-4362