Bankruptcy Basics

This text- and audio-based course provides a comprehensive yet flexible program to meet a variety of situations and objectives for individual or group study, consisting of eight parts:

  1. Nature of the Bankruptcy Process
  2. Preplanning for and Filing of the Petition
  3. Issues Related to Operating and Turning Around Troubled Businesses
  4. Creditor Rights and Claims
  5. Financial Reporting During Chapter 11 (FASB ASC 852)
  6. Chapter 11 Plans
  7. Reporting Requirements under FASB ASC 852 on Emergence from Chapter 11
  8. Special Situations Involving Financial Advisors in Recovery Action (e.g., preferences, fraudulent transfers, forensic accounting)

Objectives:

Through completing this course financial advisors will be equipped to:

  1. Recognize when assignment for benefit of creditors may be preferable to Chapter 11 for small businesses
  2. Help clients determine when to file a petition
  3. Support clients with preplanning for petition filing
  4. Account for client’s operations during Chapter 11
  5. Apply fresh start accounting
  6. Prepare schedules and reports to file with bankruptcy court
  7. Assist clients dealing with distressed businesses
  8. Prepare and submit documents for retention and fees
Price $195
CPE Credit Recommended, 5 CPE Credit hour(s), field of study—AccountingRecommended, 3.5 CPE Credit hour(s), field of study—Business LawRecommended, 2 CPE Credit hour(s), field of study—Business Management & Organization
Knowledge level Basic: Most beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization as well as seasoned professionals with limited exposure to the area.
Additional Info Available as Group Course - The group course (recommended for 5-25 participants) includes an instructor’s manual with teaching suggestions, PowerPoint slides, exercises and study questions with suggested solutions. For more information and pricing please contact Grant Newton at gnewton@aira.org
Format CD (audio) with manual
Prerequisites
Advance prep

Order Now

Refunds:

Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.

Questions and Complaints Resolution

For assistance or questions regarding refund, complaint and/or program cancellation policies, please contact our offices at 541.858.1665. For additional questions or for resolution of any complaint send email to Thomas Morrow, Executive Director, tmorrow@aira.org

National Registry of CPE Sponsors

"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.learningmarket.org.