Valuations of Distressed Companies | CPE Webinar/Teleconference | Strafford

Valuations of Distressed Companies | CPE Webinar/Teleconference | Strafford

Best Practices for Valuing Businesses Before, During and After Bankruptcy or Reorganization
A live 110-minute CPE webinar/teleconference with interactive Q&A
Thursday, September 2, 2010
1:00pm-2:50pm EDT, 10:00am-11:50am PDT
Early Registration Discount Deadline, Friday, August 13, 2010

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This CPE 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

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.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

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 29 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.
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Registration for Live Event

You may invite an unlimited number of staff on one connection at your location. (NOTE: PA attorneys also registering for CLE credit processing should call for special instructions.) Additional connections or locations for this conference can be purchased at 25% off.

Non-profit and government attorneys, law students and professors get $50 off the regular or early registration price. Call to take advantage of this offer.

Registration $197.00

Includes Early Bird Savings of $50.00 (through 08/13/10)

Registration & CPE Processing $232.00

Includes Registration Early Bird Savings of $50.00 (through 08/13/10)