Please consider renewing your 2023 AIRA membership before March 31, 2023.
For the first time since 2020 AIRA is increasing membership rates.
Effective April 1, 2023, the following membership rate schedule will be in effect:
|Renewal Type:||Before April 1, 2023:||After:|
|Regular membership (without certifications)||$325||$375|
|CIRA & CDBV Member||$475||$545|
Regular membership for Government, Academic, Retiree, and Members in Service annual rate will remain the same at $75.
If you are planning on pursuing CIRA or CDBV certification later this year, please consider registering before March 31, 2023. Course rates for CIRA and CDBV will also increase for the first time since 2015.
Effective April 1, 2023, the cost of new course registrations will be as follows:
|CIRA 1, 2, 3 and CDBV 1||$825|
|CDBV 2 & 3||$995|
All existing 2023 course registrations will be honored at the registered rate.
For questions regarding your membership renewal, please contact Michele Michael, , or call our office at 541 858-1665.
Pursuant to the United States Code, certain dollar amounts are adjusted to reflect the change in the Consumer Price Index for All Urban Consumers for the most recent 3-year period ending immediately before January 1, 2022. The adjusted dollar amounts impact application of certain provisions of the Bankruptcy Code such as the determination of the amounts of allowed priority expenses and claims.
On February 4, 2022 notice of the adjusted amounts was published in the Federal Register. The dollar amounts are adjusted effective April 1, 2022 and apply through the next revision in 2025.
For detail on the current and adjusted amounts see the following:
On Saturday, March 27, 2021, President Biden signed the legislation which extends provisions of last year’s CARES Act that were set to expire on the same day.
As outlined by the American Bankruptcy Institute in their release on March 29, 2021, the key bankruptcy provisions extended to March 27, 2022 include:
On February 25, 2021, amid the ongoing COVID-19 pandemic, U.S. Senate Democratic Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, and U.S. Senator Chuck Grassley (R-IA), Ranking Member of the Senate Judiciary Committee, introduced the COVID-19 Bankruptcy Relief Extension Act, bipartisan legislation to temporarily extend COVID-19 bankruptcy relief provisions enacted as part of the March 2020 CARES Act and December 2020 omnibus appropriations bill to March 27, 2022.
AIRA supports this legislation and further asked the Senate Committee on the Judiciary to undertake consideration making permanent a higher threshold for smaller businesses to qualify for Subchapter V bankruptcy.
See a copy of the letter AIRA sent to Senators Durbin and Grassley on March 5, 2021.
Tuesday, January 12, 2021, President Trump signed into law S.4996, “Bankruptcy Administration Improvement Act of 2020.” Among other provisions, the new law replaces the existing schedule of quarterly US Trustee fees.
The current fee schedule, with seven (7) tiers ranging from a minimum of $325 to $4,875 for quarterly disbursements of up to $999,999.99 and one percent (1%) for disbursements of $1 million or more not to exceed $250,000, is replaced by a two (2) tier schedule: (i) .4% of disbursements that total less than $1 million with a minimum payment of $250, and (ii) .8% of disbursements of $1 million or more, not to exceed $250,000 per quarter.
For a hypothetical debtor with quarterly disbursements of $1 million, payments under the revised schedule are reduced from $10,000 to $8,000 per quarter.
The Act also contains provisions establishing a “Chapter 7 Trustee Fund” and extends the temporary office of bankruptcy judges in certain judicial districts.
The amendments to the quarterly fee schedule apply to any case pending as the date of enactment for disbursements made in any calendar quarter that begins on or after the date of enactment. Accordingly, the new fee schedule applies to disbursements for the calendar quarter beginning on April 1, 2021. These provisions sunset at the end of the fiscal year 2026.
As year-end approached, the Consolidated Appropriation Act ("CAA") was signed into law. Federal government funding, COVID-related relief, and not to be overlooked, amendments to the Bankruptcy Code are all part of the CAA. The Bankruptcy Code amendments sunset in either one or two years but they are relevant in the here and now. The nine provisions amending the Bankruptcy Code cover the following topics:
The accompanying Thompson Coburn “Credit Report” provides an concise overview on each of these topics.
AIRA thanks Dave Warfield and his colleagues at Thompson Coburn for allowing AIRA to share this analysis with the Membership.
Sponsorship with the AIRA provides exposure and visibility to the decision making experts in the insolvency and restructuring field.
A variety of sponsorship opportunities are available, please click here »
To discuss available opportunities contact, Cheryl Campbell at firstname.lastname@example.org.
AIRA and its members have made significant contributions to legislative issues and the development of professional standards impacting the bankruptcy practice field.
"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.