Board of Executive Officers and Members


Grant Newton, CIRA
Executive Director
AIRA
gnewton@airacira.org

AIRA Membership Requirements

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.

Signup for Membership Here

AIRA Working for Reform

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:

  • The time period for which U.S. trustees should be appointed
  • Quarterly Fee (self-funding) structure
  • Uniform Chapter 11 operating reports
  • U.S. trustee accounting system to monitor Chapter 11 quarterly fees
  • The need for continued U.S. trustee flexibility in judgment in monitoring Chapter 11 cases
  • The concept that certain professional services could be recognized as rendered in the ordinary course of business, and therefore not subject to court application and approval

Clients Who Use Our Services

  • 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