The CIRA course of study is divided into three intermediate level parts. Candidates may register for one or more parts in any location or series of courses that are offered. It is recommended that Part 1 be taken before Part 2; however, a participant may register for any part in any order. Each of the three parts involves advance preparation of at least 10-15 hours reading and studying the course materials and answering review questions. A link with the course materials will be provided upon registration.
In-person courses consists of two 8-hour sessions with two 30 minute breaks and a lunch. Online course sessions are held over four 4-hour sessions or three 5.5 hour sessions. Exams are conducted online and are available after the conclusion of the final session over a range of dates called an exam block. During the exam block a participant may access the exam questions online at their convenience. The exam is timed at 4-hours, and once the questions are accessed online, the uninterruptible timer will begin.
Through successful completion of the three-part course of study and examination (see detail for Course and Examination Parts 1-3 below), candidates will achieve and demonstrate the proficiency necessary to:
Render professional services for debtors, trustees, creditors' committees, individual creditors or equity holders, and other interested parties in Chapter 11 bankruptcy proceedings and out of court workouts
Apply provisions in the Bankruptcy Code relevant to financial services performed
Categorize business failures according underlying causes and relate these to recommended courses of action
Identify and take action for preferences and fraudulent transfer recovery
Prepare necessary financial information to be included in Chapter 11 and out of court plans
Prepare applications for retention and petitions for fee allowance required in bankruptcy proceedings * Prepare financial statements according to provisions of ASC-852
File operating reports required by the U.S. Trustee's office
Identify tax issues that should be addressed in chapter 11 proceedings and out of court workouts
Managing Turnaround and Bankruptcy Cases
Financial Reporting, Taxes, & Ethics
A full refund minus a $285 service fee will be made for courses that are cancelled with at least 10 business days’ written notice. Refund requests for registrations cancelled with less than 10 business days’ written notice will be processed minus an additional $150 late cancellation service fee. Refunds are not available for in-progress courses. To request a cancellation please email us at .
Registrants may request to transfer their course registration to another available course with at least 5 business days written notice. Transfer requests with less than 5 business days’ written notice will require a $150 service fee to be paid prior to the transfer of the course. Transfers are not available for in-progress courses. To request a transfer please email us at .
Twenty CPE credits are available for each part of the course of study, Parts 1, 2 and 3. Total CPE is based on attendance and, in addition for online classes, completed polling questions.
If an applicant fails to pass an examination, it may be retaken with another section of the course and examination for $250, or separately, without the course, for $125. The fee for any rescheduled exams is $125.
For detailed standards and requirements as determined by the AIRA Board of Directors, see AIRA Bylaws, Article VII
Association of Insolvency & Restructuring Advisors (AIRA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Professional Education (CPE) for group training on the National Registry of CPE Sponsors.
NASBA CPE Credits are made available and awarded for AIRA group training that complies with the Statement on Standards for CPE Programs. In accordance with these Standards, relevant group training details are disclosed to learners in advance via email invitations, registration websites, or other similar advance announcements.
AIRA’s CPE Sponsor ID Numbers:
Complaints regarding NASBA National Registry CPE Sponsors may be submitted to NASBA via their website, NASBARegistry.org. State boards of accountancy have final authority on the acceptance of CPE Credits for Certified Public Accountants (CPAs).
AIRA’s financial aid policy has been established for CIRAs, CPAs, attorneys and others who wish to attend AIRA’s courses for CPE or CLE credit or pay renewal notices to keep their AIRA membership current but who are unable to do so because of cost considerations. Please see the Financial Aid Policy
For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email email@example.com.