Effective Corporate Turnarounds
A failing business may suddenly find itself in desperate need of a comprehensive overhaul. In the Effective Corporate Turnarounds course, we cover the basic stages of a turnaround, including dozens of specific improvement actions that can be taken. The course also notes a variety of legal considerations, including security interests, worker notifications, and the mechanics of the bankruptcy option. This course represents the complete toolkit for someone interested in successfully completing a corporate turnaround.
Format
PDF Course
Level
Overview
Duration
4 Hours
Course Information
Author: Steven Bragg
Table of Contents
Learning Objectives
Level: Overview
Course Number: BM1014
Table of Contents
Chapter 1. The Basic Stages of a Turnaround
Chapter 2. Turnaround Actions
Chapter 3. Security Interests and Collection Options
Chapter 4. Turnaround Legal Considerations
Chapter 5. The Bankruptcy Option
Learning Objectives
- Identify the reasons why a deliberate turnaround effort is needed.
- Recall the components of the cash conversion cycle.
- Specify the reasons why a lender might grant a loan forbearance.
- Identify the options for accelerating cash flows into a business.
- Recall how a mechanic’s lien works.
- Specify how a surety arrangement works.
- Identify the circumstances under which a lender can seize the property of a borrower.
- Recall the conditions for creating a security interest in a borrower’s personal property.
- Specify the priority of claims in a credit arrangement.
- Recall the requirements of the Worker Adjustment and Retraining Notification Act.
- 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.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Business Management & Organization
Prerequisites: None
Advance Preparation: None
Latest Review Date: August 2024
Program Registration Requirements: Click on the Enroll to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.