Regular Member
Financial advisors, accountants, crisis managers, business turnaround consultants, lenders, investment bankers, attorneys, trustees and other individuals involved in the business turnaround, restructuring, bankruptcy, and insolvency fields. Regular AIRA membership is $225 per year.

Government/Education Member
U.S. trustees, assistant U.S. trustees, bankruptcy attorneys, analysts, and other professionals; bankruptcy judges, clerks and other government employees; university and college professors and lecturers. Government/Education AIRA membership is $75 per year.

CIRA Member
Membership for AIRA members who are CIRA is $300 per year.

• Troubled Companies
• Debtors, Debtors-in-Possession
• Creditors, Creditors' Committees
• Shareholders, Shareholders' Committees
• United States Trustee's Office, United States Bankruptcy Court (examiner and trustee appointments)
• Financial Institutions
• Tort Claimants

The AIRA developed a written response, after obtaining input from members, to a proposed SOP issued by the AICPA's Task Force on Financial Reporting by Entities in Reorganization Under the Bankruptcy Code. The final statement (SOP 90-7) was issued in November, 1990. Two members of the Board served on the Task Force.

With respect to congressional action on tax bills, the Association has made recommendations on several occasions regarding debt discharge provisions under Section 108 and preserving net operating losses under Section 382.

The AIRA made recommendations to Congress on bills to expand the U.S. trustee program. These recommendations related to:

• Recognition
  To increase industry awareness of the AIRA as an important resource for professionals in business turnaround, restructuring, and bankruptcy practices, and of the CIRA designation as an assurance of expertise in this area.

• Network
  To help foster effective working relationships among professionals in the business turnaround, restructuring, and bankruptcy practices, and to help others better understand the value and the role of the financial advisor.

• Influence
  To have an impact on legislative and professional issues that affect business turnaround, restructuring, and bankruptcy practices. To serve as a advisory source for practitioners and other professional organizations, such as AcSec of AICPA and FASB with respect to other account practices and other issues. AIRA members have given testimony to congressional subcommittees in the past; including the Bankruptcy Review Commission and the Association will continue efforts to make significant contributions to developments in this field.

• AIRA Journal
  To publish a bi-monthly newsletter on current issues and developments relevant to the insolvency and restructuring practice, as well as to inform members of upcoming Association events.

• Certification
  To develop and carefully administer a stringent certification program, including a written examination and an educational program covering an appropriate common body of knowledge preparatory to the written examination. Combined with a comprehensive experience requirement, this will lead to certification by the AIRA as a Certified Insolvency and Restructuring Advisor (CIRA).

• Membership Directory
  To compile, publish and distribute a directory of all members of the Association on an annual basis. In addition, a directory of Certified Insolvency and Restructuring Advisors (CIRA) is also published annually.

• Education
  To provide high-quality educational programs for members and other professionals, and to accurately record, and make notification of CPE credit for qualified course participation. The AIRA Annual Bankruptcy and Restructuring Conference is a four-day event dealing with current issues in turnaround, legal, tax, accounting, and financial areas of business turnaround restructuring, and bankruptcy practices. In addition to the annual conference, the AIRA presents a variety of programs at a number of locations throughout the year.

• Technical Service
  Through a committee of recognized specialists in the insolvency and restructuring field, the Association provides answers to bankruptcy, insolvency and restructuring issues.

• INSOL International
  AIRA is a member of INSOL International, and one of AIRA’s members serves on INSOL’s council. INSOL International is a world-wide federation of national associations of accountants and lawyers who specialize in the insolvency area. The mission of INSOL is to take the leadership role in international insolvency issues and policies, and also to facilitate an exchange of information and ideas among members and other constituencies affected by the insolvency process.