Course and Examination Content - Parts 1, 2 & 3

The CIRA course of study is divided into three intermediate level parts. Candidates may register for one or more parts in any location or series of courses that are offered. It is recommended that Part 1 be taken before Part 2; however, a participant may register for any part in any order. Each of the three parts involves advance preparation of at least 10-15 hours reading and studying the course materials and answering review questions. A link with the course materials will be provided upon registration.

In-person courses consists of two 8-hour sessions with two 30 minute breaks and a lunch. Online course sessions are held over four 4-hour sessions or three 5.5 hour sessions. Exams are conducted online and are available after the conclusion of the final session over a range of dates called an exam block. During the exam block a participant may access the exam questions online at their convenience. The exam is timed at 4-hours, and once the questions are accessed online, the uninterruptible timer will begin.

Overview of Objectives

Through successful completion of the three-part course of study and examination (see detail for Course and Examination Parts 1-3 below), candidates will achieve and demonstrate the proficiency necessary to:

• Render professional services for debtors, trustees, creditors' committees, individual creditors or equity holders, and other interested parties in Chapter 11 bankruptcy proceedings and out of court workouts
  

• Apply provisions in the Bankruptcy Code relevant to financial services performed
  

• Categorize business failures according underlying causes and relate these to recommended courses of action
  

• Identify and take action for preferences and fraudulent transfer recovery
  

• Prepare necessary financial information to be included in Chapter 11 and out of court plans
  

• Prepare applications for retention and petitions for fee allowance required in bankruptcy proceedings * Prepare financial statements according to provisions of ASC-852
  

• File operating reports required by the U.S. Trustee's office
  

• Identify tax issues that should be addressed in chapter 11 proceedings and out of court workouts