Self-study: Unique Aspects of Asset Sales Involving Nonprofit Health Care Businesses

Sales of a debtor's assets, either pursuant to §363 of the Bankruptcy Code or through a confirmed Chapter 11 plan of reorganization, have become increasingly common in recent years and are generally viewed as an efficient and effective way to monetize a debtor's assets and, under the appropriate circumstances, to maximize value of the estate. When a sale process is used in a bankruptcy case of a debtor that is a not for profit (NFP) health care entity, however, issues other than maximizing value for creditors must be taken into consideration. The distinguished panel provides insight into unique aspects of NFP sales and highlights considerations that practitioners and bankruptcy courts should fully vet when dealing with this type of sales transaction.


After completing this program, participants will be able to:

  1. Discuss the implications of nonbankruptcy law on bankruptcy sales of nonprofit and health care assets and give two examples of nonbankruptcy law considerations under state law.
  2. List four major factors that are considered in selecting the highest and best offer for a nonprofit health care business.
  3. Discuss six steps in an appropriate sale process for assets of nonprofit health care businesses.
  4. State the definition of health care business provided in 11 USC § 101.
  5. With respect to the patient care ombudsman in bankruptcy, identify two main functions and list five criteria under which the ombudsman may not be necessary.
  6. List three parties that must be notified by the trustee and identify the time period that must elapse before unclaimed patient records may be destroyed.
Price $65
CPE Credit Recommended, 1 CPE Credit hour(s), field of study—Accounting - Technical;
Knowledge level Basic—Most 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.
Additional Info Online registration and payment of fee will allow materials to sent to the participant’s email address and the participant must submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.
Format Digital Materials
Prerequisites None
Advance prep None

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Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.

Question Resolution

For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email

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, State boards of accountancy have final authority on the acceptance of CPE Credits for Certified Public Accountants (CPAs).