Self-study: Unique Aspects of Asset Sales Involving Nonprofit Health Care Businesses

Sales of a debtor's assets, either pursuant to §363 of the Bankruptcy Code or through a confirmed Chapter 11 plan of reorganization, have become increasingly common in recent years and are generally viewed as an efficient and effective way to monetize a debtor's assets and, under the appropriate circumstances, to maximize value of the estate. When a sale process is used in a bankruptcy case of a debtor that is a not for profit (NFP) health care entity, however, issues other than maximizing value for creditors must be taken into consideration. The distinguished panel provides insight into unique aspects of NFP sales and highlights considerations that practitioners and bankruptcy courts should fully vet when dealing with this type of sales transaction.

Presenters:

LEARNING OBJECTIVES
After completing this program, participants will be able to:

  1. Discuss the implications of nonbankruptcy law on bankruptcy sales of nonprofit and health care assets and give two examples of nonbankruptcy law considerations under state law.
  2. List four major factors that are considered in selecting the highest and best offer for a nonprofit health care business.
  3. Discuss six steps in an appropriate sale process for assets of nonprofit health care businesses.
  4. State the definition of health care business provided in 11 USC § 101.
  5. With respect to the patient care ombudsman in bankruptcy, identify two main functions and list five criteria under which the ombudsman may not be necessary.
  6. List three parties that must be notified by the trustee and identify the time period that must elapse before unclaimed patient records may be destroyed.
Price $65
CPE Credit Recommended, 1 CPE Credit hour(s), field of study—Specialized Knowledge & Applications
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 who desire increased knowledge in the subject matter.
Additional Info Online registration and payment of fee will allow materials to be shipped to participant’s address and participant to submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.
Format CD (Audio/Video) with Manual
Prerequisites None
Advance prep None

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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.