Also known as a "make whole" premium, a prepayment premium constitutes an obligation payable to a lender that is in excess of principal and accrued interest by a borrower in the event the borrower repays the loan prior to its maturity date. This type of premium is meant to compensate the lender for the interest it would have earned had the loan remained outstanding until its original maturity date.
Prepayment premiums are often at issue in chapter 11 cases, and rulings in the Momentive and other cases have wide implications for both private and public debt, and for small–to–mid sized as well as large entities. Financial advisors and attorneys will benefit from this presentation by Gerard Keegan and David Wender, who discuss Momentive and other recent bankruptcy decisions focusing on the drafting and applicability of prepayment premiums in bankruptcy. Different perspectives are shared about how prepayment premiums should be addressed in the law–one from a litigation perspective and the other from a drafting perspective. Based on the live webinar of December 3, 2014.
|CPE Credit||Recommended, 1 CPE Credit hour(s), field of study—Accounting - Technical;|
|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 sent to the participant’s email address and the participant must 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.|
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.
For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email email@example.com.
"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.