FMN Accounting

FMN - 2020/August, Seg.3 - The Perfect Storm - Bankruptcy and COVID-19

Course Overview
Brooks Brothers, Muji, Sur La Table, RTW Retailwinds and many more businesses filed for bankruptcy in the last few weeks and there are certainly more on the horizon. One thing all these businesses have in common is that they were in distress even before COVID-19, but the virus outbreak pushed them over the edge by creating the perfect storm. COVID-19 resulted in some temporary changes to substantive bankruptcy rules under the CARES Act. Scott Markowitz, Partner and Co-Chair of the Bankruptcy and Corporate Restructuring Practice at Tarter Krinsky & Drogin, gives us an overview of those modifications, and how long they may last.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the key areas under the new Subchapter V of Chapter 11 of the Bankruptcy Code;
  • Determine how the absolute priority rule was reformatted under SBRA;
  • Recognize when automatic stay is applicable and under what circumstances a lender may make a motion to a debtor to leave automatic stay; and
  • Identify a strategy other than Chapter 11 that executives and management should consider.

  • Prerequisites/Advanced Preparation:

    Work experience in financial reporting or accounting, or an introductory course in accounting.

    Speaker / Author:

    FMN Online
    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.


    Price (USD)

    Standard: $69.90


    Course Code : FMN1362-FM

    Release Date : 08/10/2020
    Expire Date : 03/14/2022
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Update
    Course Type : QAS Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

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