Creative Cash Flow Analysis for a Unique Bankruptcy Assignment

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

Program Description
An economic expert may receive numerous assignments in the areas of personal damages, commercial damages, and business bankruptcy. While the assignments for personal and commercial damages cover the waterfront for forensic economic analyses, they have similar aspects in common. One party has claimed the other wrongfully damaged them. From that wrongful act, income has been lost. However, the assignments for business bankruptcy do not fall in this vein. They generally fall into two areas, what should the interest rate be on pre-bankruptcy debt after the business moves out of bankruptcy and/or projecting what the business' cash flow will be five years after the business emerges from Chapter 11.

In 2025, I received a business bankruptcy assignment which called for assessing the cash flow for a particular asset in a bankrupt estate and how the circumstances of the estate affected the value of that particular asset. In the end, the assignment required cobbling together a projected cash flow from various sources. This course discusses the assignment, the process of estimating the cash flow, testifying at the bankruptcy hearing, and the outcome of the court's decision. 

How You Will Benefit
After completing this course, attendees will be able to:

• Determine an understanding of the Chapter 11 bankruptcy process for commercial real estate
• Apply this knowledge to an assignment to assess the future cash flow of a business
• Identify sources for information that could be used in assessing the future cash flow and its impact on the feasibility of the bankruptcy plan
• Calculate the projected cash flow
• Describe how the projected cash flow supports or does not support the reorganization plan for the bankrupt business
• Define and defend the projected cash flow and conclusions as to how it affects the bankrupt estate

Take Aways
This case study shows how important financial or economic experts may be in the process of getting a reorganization plan approved, or not, for a bankrupt business. The outline for assessing a bankrupt estate provided by the Till decision will be discussed and how this outline provided a roadmap for presenting my findings. This course allows the attendee to not only know the expert's work in projecting the cash flow but also hear how the findings were presented to the court. The judge's decision will show how important expert conclusions can be in assisting the court in its findings.

Who Should Attend

Delivery Method Group Internet-Based Program Level Intermediate Advanced Preparation None Prerequisites Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.   Finance 1 Total CPE Hours   1

For NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, click here.