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
This course 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.
- 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
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.
Mark C. Kanaly
Alston & Bird
Mr. Kanaly's practice focuses on transactional and regulatory issues confronted by companies in the financial... | Read More
Mr. Kanaly's 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.Close
He has worked in business valuations for more than 30 years and has helped a number of business clients in both sale... | Read More
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.Close
Michael E. Foreman
Haynes & Boone
Mr. Foreman has more than 20 years of financial restructuring and bankruptcy experience, representing secured and... | Read More
Mr. Foreman 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 represents lenders, other creditors, investors and companies in out-of-court and cross border restructurings. Mr. Foreman also provides bankruptcy counseling in the areas of structured financing and securitization.Close