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Secure Transaction Essentials of Corporate Bankruptcy
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Business Law
Course Description
Bankruptcy can be a useful tool for restructuring the finances of a business, or to liquidate operations in an orderly manner. This course discusses the choices available to the manager who is looking for a way out of a difficult financial dilemma, and who needs to understand the choices available, their ramifications, and the process flow for the bankruptcy process. The course also addresses core bankruptcy concepts, such as the automatic stay, first day motions, voidable preferences, substantive consolidation, asset sales, the cramdown option, and much more.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the legal underpinnings of creditor actions to seize debtor assets.
- Specify how a lien is used and what happens when an asset is sold that has a lien attached to it.
- Specify the best point in time at which to file for bankruptcy protection.
- Identify the debt adjustments usually made as the result of a workout arrangement.
- State the circumstances under which an involuntary bankruptcy petition can be filed.
- Describe the group represented by a creditors’ committee.
- Specify the contents of a bankruptcy plan.
- Specify the various ways in which a court can oversee the activities of a debtor under bankruptcy protection.
- Recognize the priorities for the payment of administrative expenses.
- Specify the different financial statements that must be issued by an entity using the liquidation basis of accounting.
Course Specifics
SS1024386221
June 5, 2024
There are no prerequisites.
None
54
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
