Valuations of Distressed Companies

Best Practices for Valuing Businesses Before, During and After Bankruptcy or Reorganization

Recording of a 110-minute CPE/CLE webinar with Q&A


Conducted on Thursday, September 2, 2010

Recorded event now available

or call 1-800-926-7926
Program Materials

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.

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Outline

  1. Hypothetical business situations and fact patterns that could arise in:
    1. Pre-bankruptcy analyses for debtors, creditors, attorneys and other parties
    2. Amid-bankruptcy matters
    3. Post-bankruptcy asset sales and other activities
    4. Business restructurings outside of a bankruptcy filing
  2. How the following affect valuation work in these situations
    1. Relevant accounting regs, standards and guidance such as ASC Sect. 852-10, IRC Sect. 382, IRC Sect. 383 and others
    2. The current economic environment
    3. Potential time and action lines for a distressed company
    4. 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.

Faculty

Mark C. Kanaly
Mark C. Kanaly

Partner
Alston & Bird

Mr. Kanaly's practice focuses on transactional and regulatory issues confronted by companies in the financial...  |  Read More

James Alerding
James Alerding
Partner
Clifton Gunderson

He has worked in business valuations for more than 30 years and has helped a number of business clients in both sale...  |  Read More

Michael E. Foreman
Michael E. Foreman

Of Counsel
Haynes & Boone

Mr. Foreman has more than 20 years of financial restructuring and bankruptcy experience, representing secured and...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

On-Demand Seminar Audio

$147

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CPE Not Available

$147