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| The Case for Out-of-Court Winddowns (2338Q) |
Course CPE: 1 hour
Field(s) of Study: Business Management and Organization–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 26FL0601COW
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: June 1, 2026
Presenter: Michael Jacoby
Program Description:
In the event of insolvency, boards of directors may consider filing for bankruptcy, pursuing a receivership, or an assignment for the benefit of creditors. However, there is a promising alternative: the out-of-court winddown. This approach can provide greater corporate control, help preserve a company’s reputation, and maintain strong relationships with lenders and sponsors.
This presentation demystifies the out-of-court-winddown by outlining its key steps and comparing it to other closure paths, demonstrating why it may be the most strategic option for companies in financial crisis.
Takeaways:
1. Alternatives to out-of-court winddowns
2. Benefits of an out-of-court winddown
3. How to approach/execute an out-of-court winddown
After completing this course, you will be able to:
- Identify methods to manage and preserve control
- Recognize strategies to maintain privacy and protect reputation
- Determine approaches that deliver equal or better creditor recoveries compared to bankruptcy
- Select methods that ensure faster resolutions with lower costs
- Differentiate planning strategies that reduce personal liability risks through careful execution
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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