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Course
and Examination Format
Part 1: Understanding the Bankruptcy
Code and how it Impacts Valuation of Distressed Businesses (Waived
for CIRAs and CTPs)
A course of study designed to provide a
comprehensive understanding of the concepts in the Bankruptcy Code that
are important in valuing businesses in distress including those in chapter
11.
The course of study for CDBV Part 1 will
involve advance preparation consisting of reading assignments and the
answering of multiple choice questions from the course material. The material
will be mailed four weeks prior to the class. The two and a half day course
will consist of two days of instruction, followed by a three-hour exam
on the third day.
Requirements to take Part 1:
| 1. |
Be a regular member of AIRA in good
standing. |
| 2. |
Possess (at least) a bachelor's degree from an accredited
college or university. |
| 3. |
Completion of five years of accounting or financial
experience.
Relevant experience includes public accounting,
crisis management, consulting, investment banking, credit management,
loan workout or applicable government experience (e.g. financial
analyst with the Office of U.S. Trustee; Pension Benefit Guarantee
Corporation; FBI and SBA, etc.) |
| 4. |
Completion of the applicant information sections
of the CIRA application form.
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CDBV Part 1 is waived for those
individuals that hold:
| 1. |
A current CIRA certificate. Participants
who have successfully completed all three parts of the CIRA examination
are eligible to register for the CDBV Part 2 course and examination
provided the applicant meets the accounting or financial experience.
The applicant may not receive the CDBV certification until the applicant
is a CIRA, or holds |
| 2. |
A current CTP certificate |
CDBV Part 1 Course content
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- Nature of bankruptcy process
- Automatic stay and adequate protection
- Leases
- Property recovery including preferences and
fraudulent transfers
- Fresh start reporting
- Cash collateral and DIP Financing
- Nature and determination of claims
- Disclosure statement
- Nature of chapter 11 plans
- Right to file a plan
- Acceptance of plan
- Confirmation of plan
- Tax impact of plan
- Process of developing chapter 11 plans
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