Bankruptcy Basics: Understanding the Process Webcast [BNK2MR]

Full Description

Bankruptcy Basics: Understanding the Reorganization & Liquidation Process in These Uncertain Economic Times Webcast (BNK2MR)

March 13th, 2026 / 9:00 am 11:00 am Alaska Time

Live Webcast / Washington Society of CPAs Virtual Classroom

Consumers and businesses file for bankruptcy to seek protection from creditors and to reorganize or liquidate debts. Bankruptcy filings rise and fall with the economy. Surveys show that loss of income is the leading cause of consumer bankruptcies, followed by medical expenses and foreclosure. Corporate bankruptcies, on the other hand, are often the result of several factors, including excessive debt, decreased demand, increased costs, lawsuits or poor accounting practices. As an accountant, CFP, attorney or other professional, you need to be able to discuss the process and different available courses of action with your clients. Both landlords and tenants will be influenced tremendously. Individuals will look to your advice for a discharge and new start. Businesses will do the same and will also need to advise loyal employees. Creditors will receive proofs of claim and look to you for your expertise. Take this course and make sure you can speak fluently to both creditors and debtors. This course provides a thorough review of the consumer and corporate bankruptcy practice. Participants in this course will gain an understanding of how consumer and corporate bankruptcy proceedings begin and end, as well as learn about key issues that affect debtor and creditor rights during bankruptcy. This course provides information from the perspective of both debtor and creditor. Do yourself, your clients and your profit margin a favor and sign up for this invaluable program.

Highlights:
Commencement of a bankruptcy proceeding. Protections provided to debtors under the Bankruptcy Code. Key procedural aspects of bankruptcy. The automatic stay. Differences between Chapters 7, 11, and 13 bankruptcy cases. The bankruptcy discharge. Proofs of claim. Plans of reorganization. Litigation that can arise during bankruptcy. Creditor committees. Bankruptcy trustees. Avoidable preferences and fraudulent transfers. Special rights afforded to landlords and secured creditors.

Learning Objectives:
Apply strategic thinking to assess and mitigate banking risks. Evaluate financial health against industry benchmarks for stability. Construct solid financial strategies to withstand economic fluctuations. Assess credit markets to enhance capital raising strategies. Compare operational impacts of risk on immediate fiscal decisions. Assess the adequacy of financial plans in a fluctuating economy. Classify banking relationships to ensure organizational resilience. Summarize strategies for effective financial leadership amidst market shifts.

Designed For: Professionals seeking to understand the basic components of bankruptcy proceedings.

CPE Credits: 2, Business Law

Level of Knowledge: Basic

Prerequisite: None

Acronym: BNK2MR

Discussion Leader: Kerry Roberts, CPA

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