Association of Insolvency & Restructuring Advisors


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President's Letter

Editor's Letter

Executive Director's Letter

Turnarounds & Workouts: What's the Forcast?
By Daniel F. Dooley

Requesting Prompt Tax Determination Under 505(b)
Forrest Lewis, CPA

Oh My, the New Client Owns Plant in Mexico? What Do We Do Now? (Part 1)
Miles Stover

Tax Cases
Alan Barton, CIRA

Bankruptcy Cases
Baxter Dunaway

Club 10

New CIRA

New AIRA Members

Members on the Move



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October/November 2004

AIRA President’s Letter 

Dear AIRA Members:

The Association is planning activities for the 21st Annual Bankruptcy & Restructuring Conference to be held in Boston in the year 2005. In the interim, we also offer educational and networking opportunities in many locations.

The Advanced Plan of Reorganization Conference and Reception, held October 4th in New York City, was an excellent opportunity for educational advancement for our members and for others. Conferences offer a sound platform to invite legal and turnaround/reorganization professionals to attend and introduce them to the Association. Our gratitude goes out to Ernst & Young for providing the venue, and to our sponsors: Arent Fox Kintner Plotkin & Kahn, PLLC, Kaye Scholer LLP and Standard and Poore’s.

The next AIRA Networking Reception was held on October 7, 2004 in Michigan at the Westin Southfield-Detroit. If you missed it, please join us in Boston on October 25, 2004 at the Boston Harbor Hotel. These receptions provide an excellent forum for AIRA Members to invite investment bankers and attorneys to discuss the added value that CIRAs bring to their cases. If you would like to host or sponsor such an event, please call the AIRA office.

“Challenging Issues Faced By Chief Restructuring Officers” will be the subject of the AIRA Breakfast Panel at the NCBJ on October 12th. A seasoned panel has been assembled and it promises to be an event worth attending. I look forward to meeting several of our Members at the NCBJ Breakfast.

The AIRA News has been receiving rave reviews. Most importantly, it provides an avenue for members to contribute articles on subjects of current interest. Please encourage members of your firm to submit brief articles or experiences that can be shared with our membership.

Best wishes,


Soneet R. Kapila
President


Soneet R. Kapila is the founding principal of Kapila & Company. After several years experience with international and regional accounting firms, he formed Kapila & Company, which has concentrated its efforts for many years in the areas of consulting and representing bankruptcy debtors, creditor bodies and trustees. His practice is concentrated in the area of creditors’ rights, bankruptcy, and financial transactions litigation. He also regularly advises clients about the insolvency implications involved in business transactions. Mr. Kapila has served as Bankruptcy Trustee, Examiner and State Court Receiver in numerous matters in the Southern District of Florida. He has advised and represented debtors and creditors’ committees in formulating, analyzing and negotiating plans of reorganization. Mr. Kapila is a recognized expert in fraudulent conveyance and insolvency issues. He has provided expert testimony and extensive litigation support services to law firms involving complex insolvency issues. Mr. Kapila is a sitting trustee on the panel of U.S. Bankruptcy Trustees in the Southern District of Florida.



 

AIRA News is published six times a year by the Association of Insolvency and Restructuring Advisors, 221 Stewart Avenue, Suite 207, Medford, OR 97501. Copyright 2004 by the Association of Insolvency and Restructuring Advisors. All rights reserved. No part of this newsletter may be reproduced in any form, by xerography or otherwise, or incorporated into any information retrieval systems, without written permission of the copyright owner.

 

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