Learn About the Billing and Collection Process Through an Onlineinar

Transcription

1 WEBINAR THE BASICS OF COLLECTIONS & BANKRUPTCY IN THE OIL & GAS INDUSTRY: GETTING PAID IN HARD TIMES Online is authorized by IACET to offer 0.2 CEUs for the webinar. 1

2 OVERVIEW The purpose of this webinar is to outline the billing and collection process from a legal perspective, with the goal being that attendees will be better able to structure their billing and collection processes to enhance the likelihood of complete and timely payment for goods and services provided. This webinar will also focus on the best practices to maximize the likelihood of payment from economically distressed clients who may or may not be on the verge of bankruptcy. There will also be a general discussion on the bankruptcy process from the creditor (e.g. unpaid service or goods provider) perspective. WHO SHOULD ATTEND Chief Financial Officers Contracts & Contract Compliance Departments Accounts Receivables Departments In-House Counsel Lawyers within the Energy Industry LEARNING OUTCOMES Discuss an overview of collection and billings Review the need for written service contracts Describe the importance of monthly invoices Explain the need for checking receivables Express how to perfect liens when a bill becomes stale Review litigation and notice of lis pendens Discuss the 90 days rule on bankruptcy filing Describe what to do when a company who owes you money goes bankrupt List how to file a Proof of Claim Discuss the importance of documentation REGISTER 4601 TODAY! DTC Blvd., CALL Suite OR VISIT 2

3 AGENDA Tuesday, Overview of the billing & collection process from a legal perspective Written service contracts Monthly invoices Checking receivables Perfecting your liens when a bill becomes stale Litigation and notices of lis pendens The 90 days rule on bankruptcy filing Uh, oh bankruptcy: How to deal when a company who owes you money goes bankrupt Unpaid goods & services: Secured get paid; unsecured may not get paid Filing that Proof of Claim Grip it and rip it Bottom line o Document, document, document o Use the tools available to you o Don t let bills become stale o Joint line movements INSTRUCTOR Jack Wilhelm / Principal / Wilhelm Law Firm Jack Wilhelm is an Austin, Texas, attorney whose office is located within a stone s throw of the General Land Office, the Texas Railroad Commission, the State Comptroller s Office, the State Capitol, and Austin area courthouses. Jack focuses his practice on oil and gas law and state taxation issues before the Texas Comptroller of Public Accounts. Jack s oil and gas clients include Fortune 500 oil and gas companies, privately owned oil and gas independents, and sophisticated landowners. Most of the oil and gas practice focuses on real estate (title examination, due diligence, and negotiations) and assisting clients with matters before the General Land Office. In addition to his Juris Doctorate degree, Jack holds a Masters of Energy and Environmental Law from The Tulane University. He is licensed to practice in Texas, Louisiana, Arkansas, and Illinois, and by numerous federal courts, including all Texas and Louisiana federal district courts and the United States 5th Circuit Court of Appeals located in New Orleans, as well as the United States Supreme Court. REGISTER 4601 TODAY! DTC Blvd., CALL Suite OR VISIT 3

4 INSTRUCTIONAL METHODS A Web-based PowerPoint presentation and online interactive question/answer session will be used in this webinar. REQUIREMENTS FOR SUCCESSFUL COMPLETION OF PROGRAM Participants must sign in for the duration of the program be eligible for continuing education credit. IACET CREDITS has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard. is authorized by IACET to offer 0.2 CEUs for this program. WEB CONFERENCE PRESENTATIONS AVAILABLE ON CD CDs or links are available 48 hours after the webinar is complete. The cost per CD / link is $295 (add US $50 for international CD shipments, or, with ther link option a link will be ed and no shipping is charged). CDs and Links are 1/2 price when ordered with a live webinar. Note: All web conference CD/Link sales are final and are nonrefundable. LOGGING IN TO THE WEB CONFERENCE After registration, each registrant will receive a confirmation of payment or an invoice, depending on method of payment. Each registrant will also receive an with appropriate login information and more information regarding the event 24 hours prior to its start. To log on, you will need a computer with a broadband connection and audio system. WHAT IS A SINGLE SITE CONNECTION? A site connection allows a single connection to the Webinar. That connection is open to any number of users in a collaborative setting. Because there are no travel expenses and only a single registration fee is required, each additional participant lowers the cost per participant significantly. By purchasing a site connection, you can invite as many people as you would like to view and participate in the session from a single location. Set up the session in a conference room and project the presentation and chat on a large screen. You also have rights to distribute copies of the presentation materials to everyone involved. Please note that audio is received via the computer sound system and must be broadcast to your group. If you have any technical or purchasing questions, please contact us at Start Time: 12:00 p.m. Eastern Time United States Regional Start Times: 9:00 a.m. Pacific :: 10:00 a.m. Mountain :: 11:00 a.m. Central :: 12:00 p.m. Eastern Use the time zone converter ( to find your correct start time DTC Blvd., Suite 800 4

5 REGISTRATION INFORMATION Mail Directly To: Electric Utility Consultants, Inc. () 4601 DTC Blvd., Ste. 800 OR, scan and to: PLEASE REGISTER THE FOLLOWING THE BASICS OF COLLECTIONS & BANKRUPTCY IN THE OIL & GAS INDUSTRY: GETTING PAID IN HARD TIMES: NOVEMBER 3, 2015: US $345 EARLY BIRD ON OR BEFORE NOVEMBER 2, 2015: US $295 WEB CONFERENCE PRESENTATIONS AVAILABLE ON CD/LINK CDs are available 48 hours after the webinar is complete. The cost per CD is $295 (add US $50 for international shipments). In addition, CDs are 1/2 price when ordered with a live webinar. In addition, a downloadable link to the presentation/materials is available for $295 as well (the link will be ed and no shipping is charged with this option). Note: All web conference CD sales are final and are nonrefundable. CD Option Link Option ENERG ZE WEEKLY s Energize Weekly newsletter compiles and reports on the latest news and trends in the energy industry. Newsletter recipients also receive a different, complimentary conference presentation every week on a relevant industry topic. The presentations are selected from a massive library of more than 1,000 current presentations that has gathered during its 28 years organizing conferences. Sign me up for Energize Weekly. How did you hear about this event? (direct , colleague, speaker(s), etc.) Print Name Job Title Company What name do you prefer on your name badge? Address City State/Province Zip/Postal Code Country Telephone List any dietary or accessibility needs here CREDIT CARD Name on Card Account Number Billing Address Billing City Billing State Billing Zip Code/Postal Code Exp. Date Security Code (last 3 digits on the back of Visa and MC or 4 digits on front of AmEx) OR Enclosed is a check for $ to cover registrations. All cancellations received on or before October 16, 2015, will be subject to a US $50 processing fee. Written cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other event or publication. This credit will be good for six months. In case of event cancellation, s liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at reserves the right to alter this program without prior notice DTC Blvd., Suite 800 5