The Truckload Carriers Association will host a "Protecting Carrier Interest in Shipper and Broker Bankruptcies" webinar on Jan. 22.

Freight charges are viewed as unsecured debt, which means they never fare well in bankruptcy proceedings. Carriers typically lose their pre-petition receivables and often have to fight demands from shippers' estates that they return, as a "preference," all payments received within 90 days of bankruptcy filings.

The interactive webcast will give information on the rights and remedies that motor carriers have as creditors.

Topics will include:

• The importance of policing receivables and receiving timely payments
• How to avoid and defend preference actions
• New value, ordinary course of business, and conduit defenses available to carriers in defending preference actions
• The use of spreading or possessory liens
• How to secure critical vendor status in order to receive payment for pre-petition debt
• Who ultimately is liable under logistics contracts
• Preservation of recourse to consignors and consignees
• The use of special "carrier creditor committees" to enforce constructive trust in intermediary bankruptcies

The webinar will be held from noon - 1:30 pm ET.

More info and registration: https://www.truckload.org/education/tao/