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2022 AICPA & CIMA Forensic & Valuation Services Conference

FVC2216 - So You Want to Get into Bankruptcy? What CPAs Need to Know for Financial Advisor Success


‐ Nov 14, 2022 3:00pm

Standard: $ 49.00

Using two extraordinary case studies, your panel of seasoned Chapter 11 Financial Advisors will steer you through their recent work for the Easterday Ranches Chapter 11 Unsecured Creditors Committee, at a loss of $250 million (and 180,000 missing cattle), the largest cattle fraud case in U.S. History; and shine some sunlight on the $2 billion Ponzi scheme DC Solar Chapter 11s, the biggest fraud case in the history of the DOJ Eastern District of California, generating a 30-year prison sentence for the principal and six other plea agreements—including the company’s outside CPA.

Learning Objectives:

  • Identify The Different Roles of the Financial Advisor in Chapter 11 cases: Pre-Bankruptcy, Post-Petition and Post-Confirmation.
  • Recognize Waterfall of Potential Clients: Debtor, official and ad-hoc creditors committees, the lenders, a significant creditor; class action plaintiffs; the chapter 11 trustee, the chapter 7 trustee, the examiner, government agencies and liquidating trustee.
  • Distinguish Soft Skills for Success: The importance of understanding the case situation and environment and style-shifting for your client, attorneys, stakeholders, and the court.
  • Recall How the Financial Advisor Supports the Attorneys: Developing case strategies and theories; forensic investigations and financial analysis; valuation fights; technical accounting and tax advice; declarations and expert witness; mediations.
  • Indicate The Role of the Financial Advisor in “SubCon” and 2004 “Fishing Expeditions”: Unique to bankruptcy, how related entities become a single debtor and why a 2004 Exam is not your everyday deposition.

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