Essentials of Corporate Bankruptcy

Use bankruptcy strategically to restructure obligations or wind down operations in an orderly manner. This course explains the available bankruptcy options, their financial and legal ramifications, and the step-by-step process flow. Examine core concepts such as the automatic stay, first-day motions, voidable preferences, substantive consolidation, asset sales, and cramdown provisions. Gain the knowledge needed to evaluate alternatives, protect stakeholder interests, and navigate financial distress effectively.
Format

PDF Course

Courses List
Grid View
Tile View
Duration

2 Hours

Course Discounts
Education Bundles

Course Information

Author: Steven Bragg
Course number: BL0001

Learning Objectives
  • 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Business Law
Prerequisites: None
Advance Preparation: None
Latest Review Date: May 2024
Program Registration Requirements: Click on the Enroll button 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.

AccountingTools, Inc. 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 the 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.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.