24th Annual Advanced
Restructuring and POR Conference
November 17, 2025 | 10:00am – 6:30pm
CohnReznick | New York, NY
Join AIRA at the 24th Annual POR (Advanced Restructuring and Plan of Reorganization) Conference, a one-day educational forum that focuses on the legal and financial perspectives related to recent developments in bankruptcy, insolvency and restructuring. The program is geared toward maximizing opportunities for learning and networking, as well as offering CPE and CLE. POR is a hybrid conference, offering attendees a live, in-person experience and a virtual option for those who choose to attend from home or office.
CPE/CLE: Earn up to 6.7 CPE/CLE
*Based on a 50-minute hour. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
Thank you to CohnReznick for hosting the conference space.
Co-Chairs and Planning Committee
Co-Chairs
Deborah Kovsky-Apap, Troutman Pepper Locke
Brian Ryniker, CIRA, RK Consultants
Planning Committee
Kevin Clancy, CIRA, CohnReznick
Stephen B. Darr, CIRA, CDBV, Huron
Anne Eberhardt, Gavin Solmonese LLC
Kenneth Enos, Young Conaway Stargatt & Taylor, LLP
Theresa A. Foudy, Morrison Foerster
Hon. Sheryl P. Giugliano, U.S. Bankruptcy Court, E.D.N.Y.
Ira Herman, Blank Rome LLP
Deborah Kovsky-Apap, Troutman Pepper LLP
Eric Moraczewski, NMBL Strategies
Robert J. Nowlin, CIRA, CDBV, Ankura
Daniel Shamah, Cooley
Cathy Shi, EY Parthenon
Boris Steffen, CIRA, CDBV, Province
Jeffrey T. Sutton, CIRA, Yip Associates
Agenda
Refreshment Break
Sponsored by:
Welcome & Opening Remarks
Panelists
Deborah Kovsky-Apap
Partner, Troutman Pepper Locke LLP (New York, NY)
Brian Ryniker, CIRA
Co-Founder, RK | Consultants, LLC (New York, NY)
Recent Developments in Bankruptcy Sales: Privacy Issues and Auctions
The discussion topics for this session include two recent developments in bankruptcy sales. First, the high profile 23andMe bankruptcy case cast a spotlight on individual privacy issues in bankruptcy sales. Against the backdrop of developing privacy laws, what should buyers, sellers, and other stakeholders be aware of when evaluating the potential sale or disclosure of personal information? Second, we have seen an uptick in bankruptcy sales that have been surprisingly fluid and open, with wide open auctions (CareerBuilder) and losing bidders contesting sales (Village Roadshow). Who gets to contest a sale and what role should the court play in supervising a sale process? Should we revisit any of the well-settled procedures in bankruptcy sales?
Moderator
Daniel Shamah
Partner, Cooley (New York, NY)
Panelists
Hon. Sheryl P. Giugliano
Judge, U.S. Bankruptcy Court, E.D.N.Y. (Central Islip, NY)
Prof. Richard Neil
Professor, Washington University (St. Louis, MO)
Robert J. Nowlin, CIRA, CDBV
Managing Director, Ankura (Chicago, IL)
Prof. Nicole Osborne
Professor, Hofstra University (Hempstead, NY)
Capital Structure Arbitrage: What Does it Mean and How Does it Affect the Restructuring Process?
The panel will discuss the strategy of capital structure arbitrage to profit from differences in the relative value of a firm’s debt and equity securities. Through discussion of the underlying strategy, attendees will gain an understanding of the objectives, strategies, and incentives employed by distressed investors within the context of a firm’s bankruptcy and restructuring. The Panel will also explore the motivations of investors in discussing whether and how this impacts the restructuring process.
Moderator
Prof. Dan Kamensky
Adjunct Professor of Finance, NYU Leonard N. Stern School of Business (New York, NY)
Panelists
Hon. Robert D. Drain
Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (New York, NY)
Michael Gatto
Partner, Silver Point Capital (Greenwich, CT)
Robert J. Stark
Partner, Brown Rudnick LLP (New York, NY)
Luncheon
Keynote Presentation
Our keynote speaker will provide a recap of what tariffs have been developed (with what countries and products); how they are impacting certain business sectors; how those sectors are reacting to the tariffs; are those tariffs being 100% passed along to the consumer and is that affecting purchasing decisions; and ultimately, how companies are handling the tariffs, i.e. is it creating challenges to their business structure.
Sponsored by:
Refreshment Break
Restructuring in the Age of Artificial Intelligence
Artificial intelligence is rapidly changing how professionals approach restructuring. Tools such as ChatGPT, Harvey, and Copilot are being applied to business development, industry analysis, and client deliverables. This session will explore how AI is reshaping restructuring practices today and where it may take the field in the future. We’ll discuss practical applications, emerging opportunities, and the ways in which innovation powered by AI can transform how professionals deliver value to clients.
Moderator
Moshe S. Jacob
Associate, Skadden, Arps, Slate, Meagher & Flom LLP (New York, NY)
Panelists
Evan Hengel, CIRA
Managing Director, Berkeley Research Group, LLC (Los Angeles, CA)
Michael A. Sabino
Associate, Troutman Pepper Locke LLP (New York, NY)
Cathy Shi
Director, EY Parthenon (New York, NY)
Jordan Williams
Associate, Blank Rome LLP (Wilmington, DE)
Ethical Considerations When Using AI Tools to Enhance Your Bankruptcy and Restructuring Practice
The panelists will discuss the ethical concerns with the evolving use of artificial intelligence in the bankruptcy and restructuring industry. They will explore its benefits and advantages and the requirement of competency, as well as its pitfalls. The discussion will revolve around recent cases and instances where AI was helpful and instances where it was misused or improperly relied upon. The panel will bring perspectives from the bankruptcy bench, the legal industry and from a financial advisor’s point of view. Generally, and certainly among restructuring and bankruptcy practitioners, the use of AI is dramatically increasing and pushing the frontier of traditional professional tools and solutions in a new direction.
Moderator
George P. Angelich
Partner, ArentFox Schiff LLP (New York, NY)
Panelists
Hon. Elizabeth Gunn
Judge, U.S. Bankruptcy Court, D.C. (Washington, D.C.)
Mark McCreary
Partner, Fox Rothschild LLP (Philadelphia, PA)
Vincenzo Toppi, CIRA
Partner, CohnReznick (Parsippany, NJ)
Refreshment Break
2025-The Year in Review
A hallmark session of the conference, the objective of this presentation is to review from the perspective of attorneys and members of the court the significant decisions of the past year, with emphasis on cases from the 2nd and 3rd Circuits.
Moderator
Ken Enos
Partner, Young Conaway Stargatt & Taylor, LLP (Wilmington, DE)
Theresa Foudy
Partner, Morrison Foerster LLP (New York, NY)
Panelists
Hon. Lisa G. Beckerman
Judge, U.S. Bankruptcy Court, SDNY (New York, NY)
Hon. Christine M. Gravelle
Judge, U.S. Bankruptcy Court, D. N.J. (Trenton, NJ)
Hon. J. Kate Stickles
Judge, U.S. Bankruptcy Court, D. Del. (Wilmington, DE)
Reception & Presentation of the 2025 Judicial Service Award
Sponsored by:
Sponsors:
Registration Rates
AIRA Member:
$475.00
Non Member:
$575.00
Govt./Academic/US Trustees or Judges and Staff:
$175.00
Speakers/Committee:
$340.00
Student Rate:
$115.00
24th Annual Advanced
Restructuring and POR Conference
Date & Time:
November 17, 2025 | 10:00am –
6:30pm
Location:
CohnReznick |
New York, NY
Registration Rates
AIRA Member:
$475.00
Non Member:
$575.00
Govt./Academic/US Trustees or Judges and Staff:
$175.00
Speakers/Committee:
$340.00
Student Rate:
$115.00
Sponsors
Additional sponsorships are available. For more information, contact Cheryl Campbell at ccampbell@aira.org.
Program Information
CPE/CLE Credit
Earn up to 6.7 CPE/CLE credit*
*credit totals based on a 50–minute hour; Application accreditation pending approval. 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 & Group Internet Based).
Prerequisites
None.
Advance Preparation
None.
Cancellations and Refunds
No refunds will be given for cancellations after Nov 03, 2025; however, substitutions will be allowed.
Questions and Complaints 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 send email to James Lukenda, Executive Director, jlukenda@aira.org
National Registry of CPE Sponsors
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:
- NASBA National Registry: 103243
- Texas State Board of Public Accountancy: 003242
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).