22nd Annual Advanced
Restructuring & Plan of Reorganization

November, 13, 2023

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.

Thank you to CohnReznick for hosting the conference space.

CohnReznick Logo

CPE/CLE: Earn up to 6.8 CPE / 6.8 CLE* (based on a 50–minute hour; Fields of Study: See Agenda)
*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.

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
Kevin Clancy, CIRA, CohnReznick LLP
Stephen B. Darr, CIRA, CDBV, Huron
Anne Eberhardt, Gavin Solmonese LLC
Kenneth Enos, Young Conaway Stargatt & Taylor, LLP
Ira Herman, Blank Rome LLP
Deborah Kovsky-Apap, Troutman Pepper LLP
Michael R. Lastowski, Duane Morris LLP
James Schwarz, CIRA, CDBV, BDO
Robert Stark, Brown Rudnick LLP
Michael C. Sullivan, CIRA, Deloitte
Jeffrey T. Sutton, CIRA, Yip Associates

Conference Agenda

9:45–10:00 AM

Refreshment Break

Sponsored by:

Young Conaway Stargatt & Taylor Logo
10:00–10:10 AM

Introduction / Opening Remarks

Sheryl P. Giugliano
Partner, Ruskin Moscou Faltischek, P.C., (Uniondale, NY)

Boris Steffen, CDBV
Managing Director, Province, (Baltimore, MD)

10:10–11:00 AM

Subchapter V Update

Evolving common law of Subchapter V – By exploring recent court decisions, the learning objectives of this session are to provide participants with current developments and insight into how those developments are shaping Subchapter V practice.

Field of Study: Business Law - Technical


Sheryl P. Giugliano
Partner, Ruskin Moscou Faltischek, P.C. (New York, NY)


Soneet R. Kapila, CIRA
Founding Partner, KapilaMukamal LLP (Ft. Lauderdale, FL)

Robert J. Keach
Shareholder, Bernstein, Shur, Sawyer & Nelson, P.A. (Portland, ME)

Hon. Jerrold N. Poslusny, Jr.
Judge, U.S. Bankruptcy Court, D. N.J. (Camden, NJ)

Jolene Wee, CIRA, CDBV
Managing Director & Founder, JW Infinity Consulting, LLC (New York, NY)

11:05 AM–11:55 PM

Liability Management

Liability management transactions in the form of tender offers, debt buy backs and exchange offers have long been used by firms to reduce their total debt burden or exchange their existing debt for instruments having extended maturities or more favorable terms. In recent times, however, the term liability management has more often been used by certain market participants to refer to uptier and drop-down transactions. The learning objectives of this panel are to enable participants to understand(i) how uptier and drop-down transactions are executed in practice, (ii) why the use of either transaction structure may be preferable to a consensual out-of-court or court-sanctioned Chapter 11 restructuring, and (iii) the rational underlying the concerns of minority creditors in cases such as Revlon, TriMark, Serta and Boardriders.

Field of Study: Finance - Technical


Boris Steffen, CDBV
Managing Director, Province, (Baltimore, MD)


Jay Sinha
Partner, Ducera Partners (New York, NY)

Daniel Shamah
Partner, O’Melveny & Myers (New York, NY)

Richard Shinder
Managing Partner, Theatine Partners (New York, NY)

Robert J. Stark
Partner, Brown Rudnick LLP (New York, NY)

11:55 AM–12:05 PM

Stretch Break

12:05–1:10 PM

Commercial Real Estate

One of the lingering effects of COVID 19 beyond the health impact of long-term COVID is the still developing “health” impact COVID possibly brought on and accelerated in the commercial real estate industry. The learning objective of this session is to understand what the current crisis in commercial real estate is all about by looking at the depth of the effect of commercial vacancies and review how the industry is charting a course toward a new equilibrium.

Field of Study: Specialized Services - Technical


Anne Eberhardt
Senior Director, Gavin Solmonese LLC (New York, NY)


Adam Bareham
Managing Director, EY (New York, NY)

Hon. Robert E. Grossman
Judge, U.S. Bankruptcy Court, E.D.N.Y. (Central Islip, NY)

Michael R. Hogue
Shareholder, Greenberg Traurig, LLP (San Francisco, CA)

Tanya Wong
Senior Vice President, Houlihan Lokey (New York, NY)

1:10–2:00 PM

Lunch & Keynote Presentation – Historical Overview of Prepacks


Jay M. Goffman
Client Chairman, Teneo Financial Advisory (New York, NY)

Sponsored by:

Alvarez & Marsal logo RK Consultants logo
2:05–2:55 PM

DIP Financing

Debtor-in-possession financing continues to evolve as the need for it changes. By exploring developments and recent trends in DIP financings, the panel will address learning objectives that include understanding recent examples of priming DIPs and understanding interesting terms of competing DIPs that pose challenges and opportunities as well as strategies unsecured creditor committees are using to successfully oppose or shape DIP proposals. The session will inform bankruptcy practitioners about shifting sands with respect to DIP content and structure and how such trends may impact the outcome of Chapter 11 cases.

Field of Study: Finance - Technical


Robert J. Frezza
Managing Director, Deloitte (Morristown, NJ)


Hon. Kevin J. Carey (Ret.)
Senior Counsel, Hogan Lovells LLP (Philadelphia, PA)

Kevin Haggard
Managing Director, Miller Buckfire, (New York, NY)

Joseph L. Schwartz
Partner, Riker Danzig LLP (Morristown, NJ)

Rob Vanderbeek
Partner, Novo Advisors (New York, NY)

3:00–3:55 PM

Ethical Issues & Cybersecurity

This session will be an interactive program, the learning objectives of which are to inform participants and provide guidance concerning fundamental issues and best practices surrounding cyber security, the protection of PII, and professional responsibility and ethical conduct. Part trivia, part panel presentation, the session will engage participants to self-select “answers” from several Jeopardy categories focused on issues of interest, then provide the corresponding “questions” (prizes will be awarded). For each answer/question, our panel will provide analysis and commentary. Plus, you get cyber security/ethics credit just for showing up!

Field of Study: Regulatory Ethics – Technical


Ira Herman
Partner, Blank Rome LLP (New York, NY)


Michael J. Driscoll
Senior Managing Director, FTI Consulting, Inc. (New York, NY)

Deborah Kovsky-Apap
Partner, Troutman Pepper LLP (New York, NY)

Hon. Ann M. Nevins
Chief Judge, U.S. Bankruptcy Court, D. Conn. (New Haven, CT)

3:55–4:10 PM

Refreshment Break

Sponsored by:

Huron Logo
4:10–5:30 PM

2023 - The Year in Review from the Perspectives of Judges and Attorneys

The session title says it all! This opportunity to gain perspective on developments in bankruptcy law is a hallmark session of the conference. Our moderators and panel of judges will review noteworthy bankruptcy decisions from the past year. The learning objective of this session is for conference attendees to obtain, from the perspective of members of the court, an understanding of these significant bankruptcy related decisions with emphasis on cases from the 2nd and 3rd Circuits.

Field of Study: Business Law – Technical


Ryan M. Bartley
Partner, Young Conaway Stargatt & Taylor, LLP (Wilmington, DE)

Catherine Beideman Heitzenrater
Partner, Duane Morris LLP (Philadelphia, PA)


Hon. Lisa G. Beckerman
Judge, U.S. Bankruptcy Court, S.D.N.Y. (New York, NY)

Hon. Rosemary Gambardella
Judge, U.S. Bankruptcy Court, D. N.J. (Newark, NJ)

Hon. Brendan L. Shannon
Judge, U.S. Bankruptcy Court, D. Del. (Wilmington, DE)

5:30–6:30 PM

Reception – 2023 Judicial Service Award Presentation


Honorable Brendan L. Shannon
U.S. Bankruptcy Court, D. Del.

Sponsored by:

Deloitte logo Duane Morris logo

22nd Annual POR Conference

Date: Monday, November 13, 2023
Time: 10:00 AM–6:30 PM
The Offices of CohnReznick, LLP, New York, NY
& Online via Webex Webinars

Registration Rates

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

Program Information

CPE/CLE Credit

Earn up to 6.8 CPE / 6.8 CLE*

*credit totals based on a 50–minute hour; 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.

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.

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.

Program Format

Hybrid (Group Live and Group Internet presentation.)



Advance Preparation



AlixPartners Logo Alvarez & Marsal Logo CohnReznick Logo Deloitte Logo DuaneMorris Logo Huron Logo RK Consultants logo Troutman Pepper logo Young Conaway logo

Additional sponsorships are available. For more information, contact Cheryl Campbell at ccampbell@aira.org.

Cancellations and Refunds

No refunds will be given for cancellations after November 6, 2023; however, substitutions will be allowed.

Questions & 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 jlukenda@aira.org

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: www.nasbaregistry.org.