Digital concept of stock going up for 21st Annual Advanced Restructuring and Plan of Reorganization Conference header image


AIRA‘s Annual Advanced Restructuring and Plan of Reorganization Conference (“POR”) in New York is a one-day educational forum, the main learning objective of which is the discussion of the legal and financial perspectives on developments in bankruptcy, insolvency and restructuring activities. The program is geared toward maximizing opportunities for learning, exchange and networking, as well as offering credit for continuing legal and professional education. POR will be a hybrid event, offering attendees a live, in-person experience and a virtual option for those who choose to attend from home or office.

This course is appropriate for both newly admitted and experienced attorneys.

CPE/CLE: Earn up to 7.4 CPE / 6.1-7.4 CLE*
*Application for New York accreditation pending approval. CLE for other states applied for on request.

Co-Chairs and Planning Committee


Sheryl P. Giugliano, Ruskin Moscou Faltischek, P.C.
Boris Steffen, CDBV, Province

Planning Committee:

David Bart, CIRA, CDBV, Baker Tilly US, LLP
Beth Brownstein, ArentFox Schiff LLP
Kevin Clancy, CIRA, CohnReznick LLP
Stephen B. Darr, CIRA, CDBV, Huron
Kenneth Enos, Young Conaway Stargatt & Taylor, LLP
Mychal D. Harrison, Huron
Michael R. Lastowski, Duane Morris LLP
Robert Swartz, CIRA, PwC
Tony Sasso, CIRA, Deloitte
James Schwarz, CIRA, CDBV, BDO
Robert Stark, Brown Rudnick LLP
Michael C. Sullivan, CIRA, Deloitte
Jeffrey T. Sutton, CIRA, J.S. Held LLC

November 14, 2022
Conference Agenda

9:45–10:00 AM

Refreshment Break

Sponsored by:

Province Logo
10:00–10:10 AM

Introduction / Opening Remarks

10:10–11:00 AM

Pension Issues in Restructuring and Bankruptcy

Pension plans present unique challenges in restructuring. The panel will discuss single and multiemployer plans and working with the Pension Benefit Guaranty Corporation. Issues include minimum funding, plan termination, withdrawal, claims of a plan and/or PBGC, treatment of claims in bankruptcy, liability of controlled group members, and fiduciary duties related to the termination of a pension plan. The panel will also discuss the legal and financial tests for distress and involuntary pension plan terminations. Our panelists are experts in legal or financial analysis and include current and former PBGC attorneys who have a wealth of practical and technical knowledge to share.

Field of Study – Accounting – Technical 1.0 CPE credit



  • Victoria L. Creason, Senior Managing Director, Teneo Financial Advisory (New York, NY)
  • Joseph R. House, , Principal, PCA Partners LLC (Washington, D.C.)
  • Joel Ruderman, Assistant General Counsel, Pension Benefit Guaranty Corporation (Washington, DC)
11:05 AM–11:55 AM

The Use (and Misuse) of Market Evidence to Measure Fair Value and Solvency in the Distressed Market

The objectives of this session are for the participants to: Understand the structure of the market for distressed securities; Know whether the prices of publicly traded debt and equity securities are based on relevant and reliable information; and, be able to apply market evidence reliably consistent with the fair value standard.

Field of Study – Accounting – Technical 1.0 CPE credit



11:55 AM–12:05 PM

Stretch Break

12:05–1:15 PM

Digital Assets and Investors in Distress

This panel intends to provide a general overview of cryptocurrency and digital assets, including how and by which agencies they are presently regulated. The panel will then discuss the question of ownership of cryptocurrencies and digital assets and its implications in various settings, including a chapter 11 bankruptcy filed by a cryptocurrency exchange, lending platform, or crypto-focused investment fund, and a bank insolvency proceeding. The panel will also discuss issues related to cryptocurrency and digital asset-related frauds, including a general overview of a Ponzi scheme, potential red flags for investors, and the contours of a good-faith defense. The goal of this panel is to engage with important questions facing investors and distressed entities in distressed situations involving cryptocurrencies and digital assets.

Field of Study – Accounting – Technical 1.4 CPE credits


  • Shane Reil, Associate, Young Conaway Stargatt & Taylor, LLP (Wilmington, DE)


1:15–1:45 PM


Sponsored by:

CohnReznick LLP logo  Ruskin Moscou Faltischek logo
1:50–2:40 PM

Disruption in Commercial Real Estate - Debt & Equity; Navigating Restructuring and Leasing with Lenders

Over the last 10 years, the commercial real estate financing market has exploded with financing sources and decision makers, many of which never step foot in a courtroom or at the negotiating table. What are the best ways to navigate the maze of lenders, servicing agreements and decision makers when restructuring a loan or a lease? How do you drive value, create leverage and structure modifications that are accretive to all stakeholders – is litigation the solution? With rising interest rates, will more equity be invested by Sponsors or will there be disruption creating investment opportunities in commercial real estate at critical stages such as tenant lease negotiations, refinancing/maturity dates or partnership recapitalizations? With discounted payoffs (DPOs) and non-performing loan (NPL) sales back in “vogue”, how do you get plugged into and underwrite these opportunities?

Field of Study – Accounting – Technical 1.0 CPE credit


  • Debra Morgan, Managing Director, CohnReznick LLP (Dallas, TX)


2:45–3:45 PM

Texas Two-Step, Hoosier Hop or Fox Trot?

This panel will provide a general overview of the “Texas Two-Step” strategy recently employed by a number of companies facing widespread mass tort and other liabilities, as well as recent case law developments. The goal of this panel is to highlight the legal and financial issues this strategy raises.

Field of Study – Accounting – Technical 1.2 CPE credits



3:45–4:00 PM

Refreshment Break

Sponsored by:

Deloitte Logo
4:00–5:30 PM

2022 - The Year in Review from the Perspectives of Judges and Attorneys

A hallmark session of the conference, the objective of this presentation is to review from the perspective of members of the court the significant decisions of the past year, with emphasis on cases from the 2nd and 3rd Circuits.

Field of Study – Ethics – Technical 1.8 CPE credits



Sponsored by:

RK Consultants logo
5:30–6:30 PM

Reception – 2022 Judicial Service Award Presentation & Meet and Greet with our Judges

Co-Hosted by:

AIRA logo NYIC logo

Honoree: Hon. Alan S. Trust, Chief Judge, U.S. Bankruptcy Court, E.D.N.Y. (Central Islip, NY)

Sponsored by:

AlixPartners, LLP Logo DuaneMorris Logo Huron Logo Young Conaway logo

Charging Station Sponsor

Sullivan Strickler LLC logo

Conference Information

AIRA/NYIC Member: $425
Non-Member: $495
Government/Judicial/Academic: $115
Reception Only: $65
CPE / CLE Credit Recommended, 7.4 CPE / 6.1-7.4 CLE, (Fields of Study: 6 Specialized Knowledge-Technical & 1.2/1 Regulatory Ethics – Technical)
Knowledge Level All Levels—Beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization, as well as seasoned professionals who desire increased knowledge in the subject matter.
Learning Objectives Please see session descriptions for discussion of related learning objectives.
Course Registration Requirements Online registration and payment of fee is required to attend the program. Participants must submit request for CPE credit at the conclusion of the program. All session materials will be available to registrants prior to the start of the program. If unable to register online in advance of the program, onsite registration will be available.
Format Hybrid (Group Live and Group Internet presentation.)
Prerequisites None
Advance Preparation None

Additional sponsorships are available. For more information, contact Cheryl Campbell at

Date: Monday, November 14, 2022
Time: 9:45 AM–6:30 PM

Location: The Union League Club, New York, NY

CPE/CLE: Earn up to 7.4 CPE / 6.1-7.4 CLE* (based on a 50–minute hour; Fields of Study: TBD)
*Application for New York accreditation pending approval. CLE for other states applied for on request. This course is appropriate for both newly admitted and experienced attorneys.


  • AIRA/NYIC Member: $425
  • Non–Member: $495
  • Judicial/Government/Academic: $115
  • Reception Only: $65


AlixPartners Logo CohnReznick Logo Deloitte Logo DuaneMorris Logo Huron Logo Province logo RK Consultants logo Ruskin Moscou Faltischek logo Sullivan Strickler LLC logo Young Conaway logo

Cancellations and Refunds

No refunds will be given for cancellations after November 7, 2022; however, substitutions will be allowed.

Questions and Complaint Resolution

For assistance or questions regarding refund, complaint and/or program cancellation policies, please contact our offices at (541) 858–1665. For additional questions or for resolution of any complaint, please send an email to Jim Lukenda, Executive Director, at

National Registry of CPE Sponsors

"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: