Self-study: Article 9 Amendments: How they Impact Insolvency and Restructuring Advisors, Pt. 1 - The Debtor's Name

Article 9 of the Uniform Commercial Code controls the status of a creditor's interest in personal property collateral, including tangible property like equipment and intangible collateral like accounts. Determining the status of secured claims is a critical part of a restructuring, a workout or a bankruptcy. Effective July 1, 2013, in most states, new rules will change the way restructuring advisors and other professionals will evaluate secured claims. This program reviews some of the most significant new rules, especially those regarding correct debtor name, and works through hypothetical cases to illustrate effects of the changed rules.

Learning Objectives
After completing this program, participants will be able to:

  1. Identify four reasons Article 9 is important to trustees, DIPs and financial advisors in restructuring, workouts and bankruptcy.
  2. Explain why the new rules were necessary.
  3. List four reasons the correct debtor name is essential.
  4. With respect to individual debtor names, describe Alternatives A and B available to states under section 503 (a)(4).
  5. Define and explain “organic public record” as the source of debtor names for registered organizations.
  6. Discuss the significance of the four-month window for name changes.

Instructor

Lawrence R. Ahern III, Partner, Brown & Ahern
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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Refunds:

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 aira@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.