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April/May
2004 |
Business Valuation Conference 2004
Highlights
Paul Novak
Goldsmith Agio Helms & Lynner, Inc.
On February 23 and 24, 2004,
the AIRA held its Business Valuation in Bankruptcy Conference
in Park City, Utah. Attendees had the opportunity to hear from
various distinguished bankruptcy professionals on the complex
topics of adequately developing cost of capital and cash flow
projections for distressed companies, valuation issues related
to recovery actions, and defending/challenging the value of a
reorganized business. The conference also included an exceptional
discussion of the lessons learned from various “Chapter
22” filings, a discussion that included the real world examples
of Geneva Steel and FAO Schwartz.
The conference was held in conjunction
with the Norton Bankruptcy Litigation Conference and included
joint sessions with various bankruptcy judges and attorneys including
the Honorable Leif Clark, the Honorable Glen Clark, Ralph Mabey,
Larry Kaiser, Susan Freeman, and J. Thomas Beckett. The AIRA’s
sponsored cocktail reception provided attendees the opportunity
to network with various bankruptcy judges and attorneys, as well
as other practitioners in the informal setting of a ski lodge
nestled at the foot of the mountain. At the AIRA’s sponsored
luncheon, Grant Newton also formally announced to attendees the
Association’s new Distressed Business Valuation Designation
program, which will be offered to AIRA members that currently
possess the certified insolvency and restructuring advisor (CIRA)
designation.
Special thanks go to all who
participated in the success of this conference.
Paul Novak,
Goldsmith Agio Helms & Lynner, Inc
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