Valuations of Distressed Companies
Best Practices for Valuing Businesses Before, During and After Bankruptcy or Reorganization
Recording of a 110-minute CLE webinar/teleconference with Q&A
Conducted on Thursday, September 2, 2010
Recorded event now available
This webinar will sharpen advisors' skill set for working on various distressed company valuation situations, using practical scenarios that apply across industries and in business circumstances that frequently arise.
Description
Given the increasing rate of U.S. commercial bankruptcies and the complex valuation and analytical methods, valuations of distressed companies (sometimes in a restructuring outside of bankruptcy) represent an increasingly important advisory activity, especially when working with debtors.
Valuation analysts play a key role in pre-bankruptcy activities such as solvency-insolvency analyses, in-bankruptcy matters like creditor interest analyses, and post-bankruptcy matters including fair value accounting and Sect. 363 or restructuring asset sales.
This program will demonstrate scenarios involving distressed company valuations that can apply to any number of industries, to a bankruptcy filing and to an outside bankruptcy restructuring. Relevant guidance like ASC Sec. 852-10 and IRC Secs. 382 and 383 will factor into these scenarios.
Listen as our panel of advisors—all well-versed in valuing distressed businesses and their assets—explains how they handle fact patterns pertinent to frequently confronted issues in this field.
Outline
- Hypothetical business situations and fact patterns that could arise in:
- Pre-bankruptcy analyses for debtors, creditors, attorneys and other parties
- Amid-bankruptcy matters
- Post-bankruptcy asset sales and other activities
- Business restructurings outside of a bankruptcy filing
- How the following affect valuation work in these situations
- Relevant accounting regs, standards and guidance such as ASC Sect. 852-10, IRC Sect. 382, IRC Sect. 383 and others
- The current economic environment
- Potential time and action lines for a distressed company
- Current best practices by valuation specialists
Benefits
The panel will analyze when, where and why basic valuation approaches are utilized in these and other distressed company situations:
- Pre-bankruptcy: Solvency or insolvency analyses, avoidance of fraudulent transfers, creditor collateral value analysis and other matters.
- During bankruptcy: Income tax attributes, DIP fairness and liquidation/reorganization analyses, and other matters.
- Post-bankruptcy: Fair value accounting asset and business valuation issues, income tax attribute protection, Sect. 363 sales and other matters.
- Business restructurings outside of the bankruptcy process.
Upon completion of this webinar, you will be better prepared to work effectively on matters involving valuations of a distressed business (particularly the debtor) and of its assets.
Faculty
Mark C. Kanaly,
Partner
Alston & Bird, Atlanta
His practice focuses on transactional and regulatory issues confronted by companies in the financial services and real estate securities arenas. His clients include banks, thrifts, specialty finance companies, real estate investment vehicles, hedge funds, broker-dealers and investment advisers. He assists clients with mergers, acquisitions, corporate formations, restructurings and regulatory issues.
James Alerding,
Partner
Clifton Gunderson, Indianapolis
He has worked in business valuations for more than 30 years and has helped a number of business clients in both sale and purchase situations. He speaks and writes frequently on the subject of valuations of closely held businesses.
Michael E. Foreman,
Of Counsel
Haynes & Boone, New York
He has more than 20 years of financial restructuring and bankruptcy experience, representing secured and unsecured lenders and creditors, acquirers of and investors in distressed assets, and reorganizing of financially distressed companies, in many of the nation's largest and most complex restructurings. He also provides bankruptcy counseling in the areas of structured financing and securitization.
Ordering
Online Webinar
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CPE: Self-study CPE is not offered on online webinars.
Online Seminar Audio $247.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CPE: Self-study CPE is not offered on recorded events.
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Webinar Download (Slide Presentation with Audio) $247.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $247.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $247.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $247.00
plus $9.45 S&H
Available ten business days after the live event
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Customer Reviews
Concise and to the point. Moved through the materials in an efficient and logical manner.
Richard L. Hawkins
Geffen Mesher & Co.
Very timely material. Very useful to my practice. Got to ask my questions and received excellent answers.
Joellyn D. Kuhn
Kuhn & Associates
Really excellent presentation of complicated information. Both speakers seemed very knowledgeable of the area.
Yvonne Brownell
Mize, Houser & Co.
Right on point … a great summary of what professionals are required to know.
George R. Paulick
Urish Popeck
The topic was very relevant and I liked the variety of speakers coming from different perspectives.
Janice Washburn
Elder Care Alliance
Accounting Valuation Services Advisory Board
Richard H. Gesseck
Partner
J.H. Cohn
Partner-In-Charge, Internal Audit & Risk Management
Eisner
Lynford Graham, CPA
Professor of Accounting
Bentley University
Shareholder
Roth & Co. CPAs
Curtis Reinhart
Partner
Ernst & Young
Charles (Chip) Schweiger
Audit Services Partner
Grant Thornton
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