This course covers the essential provisions of the Bankruptcy Code as well as how to account for and report the results of restructuring on emergence from chapter 11.
Objectives:
Recognize when assignment for benefit of creditors may be preferable to
Chapter 11 for small businesses closing operations
Help clients determine when to file Chapter 11
Aid clients in preplanning for bankruptcy filing
Account for client's operations during Chapter 11
Assist clients applying fresh start accounting
Prepare schedules and reports filed with the bankruptcy court
Advise clients how to work with customers in financial trouble
Submit retention documents necessary to work in the bankruptcy field