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Page 1: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and
Page 2: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and

AIRA welcomes you to#AC16 ......

AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and 19 presentations on the latest issues and trends in Bankruptcy and Restructuring.

Attendees can earn up to:• Conference 12.5 CPE / 10.5 CLE*• Preconference 8.0 CPE / 6.0 CLE*• Combined 20.5 CPE / 16.5 CLE**Pending application in some states. For CLE, the estimate of credit is based on a 60-minute hour (NY, NJ and some other states base credit on a 50-minute hour).

Certified Insolvency & Restructuring Advisors (CIRAs) who attend the full Preconference and Conference programs can fulfill their entire Directly-Related CPE requirement for the 3-year reporting period at AC16.

Interested in becoming a Certified Insolvency & Restructuring Advisor? Start the journey with CIRA Part I at the conference site, June 6–8; then stay to enjoy AC16! (see page 18 and www.aira.org/cira for details).

#AC16 is not about all work and no play, however! Explore sunny Coronado Island and the sprawling metropolis of San Diego and its beautiful surroundings with one of 4 exciting Optional Excursions on Thursday afternoon and Friday. You won’t want to miss Friday evening’s special event – a private tour of the world-famous San Diego Zoo followed by cocktails and dinner with an up-close and personal view of the elephants in their habitat!

Read on to see what #AC16 has in store! >>>

Page 3: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and

Coronado IslandMARRIOT RESORT & SPA......

Enjoy AC16 with stunning views of the San Diego skyline across the bay! With a variety of luxurious on-site features, a full-service health spa, three heated pools and convenience to beautiful sandy beaches, shopping and restaurants at Ferry Landing, the Marriott (Coronado Resort) is one of the premier Coronado Resorts. Spacious guest rooms and villas make you feel at home in this tranquil beach community.Hotel Keycards Sponsored by Piper Jaffray

Conference Wi-Fi Sponsored byPachulski Stang Ziehl & Jones LLP

Hotel/Venue

Coronado Island Marriott Resort & Spa2000 Second StreetCoronado, CA 92118

Reservations by Telephone: Call (888) 236-2427 and tell the agent that you are with the AIRA group.

Online Reservations:Visit www.aira.org and click the AC16 link for more details.

Judicial Co-Chairs:Hon. Margaret M. Mann, U.S. Bankruptcy Court, SD CalHon. Barry Russell, U.S. Bankruptcy Court, CD Cal

Conference Co-Chairs:Stacy Elledge Chiang, CIRA, Squar Milner LLPShirley Cho, Pachulski Stang Ziehl & Jones LLPThomas Jeremiassen, CIRA, Berkeley Research Group, LLC

Planning Committee Members:Walt Brown, CIRA, FTI Consulting, Inc.Carol Cabello, CIRA, Province Inc.Kenneth Dennis, CIRA, Office of the U.S. TrusteeWinston Mar, SierraConstellation Partners, LLCMichael Ozawa, CIRA, Enterprise Management Advisors, LLCHamid R. Rafatjoo, Venable LLPBrian Ryniker, CIRA, CBIZ MHM, LLCDominic Santos, CIRA, CDBV, FTI Consulting, Inc.Steve Schenk, CIRA, Vantage Point AdvisorsMatthew Schwartz, CIRA, Bederson LLPMichael Schwarzmann, Crowe Horwath LLPAngela Shortall, CIRA, Protiviti Inc.Allen Soong, CIRA, Armory Strategic Partners, LLCTeri Stratton, CIRA, Piper Jaffray & Co.

Page 4: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and

THANK YOU TO OUR

ConferenceSPONSORS......

Page 5: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and
Page 6: AIRA welcomes you toAIRA welcomes you to #AC16 ..... AC16’s Preconference & Conference Programs offer 4 days of in–depth educational sessions spanning two all-day seminars and

Wednesday, June 8th

PRECONFERENCE......7:30AM – 8:30AMContinental BreakfastSponsored by GlassRatner Advisory & Capital Group LLC

8:45AM - 5:15PMPreconference Programs10:00AM – 10:15AMMorning BreakSponsored by RPA Advisors, LLC

NOON – 1:45PMLuncheon Keynote Presentation4:00PM – 4:15PMAfternoon BreakSponsored by PwC

Topics Include:• Corporate consolidation tax issues including recent case law• Views From the Bench• Offers in Compromise, Installment Agreements and Other Exit

Strategies• Use of tax liens on over-encumbered property to generate cash for

unsecured claims• Taxation of Asset Dispositions, Individual Cancellation of Indebtedness

Issues• Confirmed Plans- Complex Creditor Trusts & Associations taxed as

Corporations• Individual Income Tax Planning and Compliance• K-1 related administrative penalties

Speakers:Donald R. Barg, CIRA, Barg & Henson, P.C.Alan D. Barton, CIRA, CPA, KPMG LLPElizabeth Berry, CIRA, Elizabeth C. Berry CPA PLLCJay D. Crom, CIRA, Bachecki Crom & Company LLPM. Kathleen Klein, CIRA, M. Kathleen Klein CPAKimberly J. Lam, CIRA, Bachecki Crom & Company LLPRobert Liquerman, CPA, KPMG LLPRobert L. Nistendirk, CPA, Woomer, Nistendirk & Associates PLLCJeffrey M. Sklarz, Green & Sklarz LLCHon. Mark Wallace, US Bankruptcy Court, C. Dist.CA

BANKRUPTCY TAXATION CONCURRENT SESSION A

FINANCIAL ADVISORS’ TOOLBOX CONCURRENT SESSION BWe have put together a program which will educate an intermediate practitioner on the skills needed to estimate the distribution to all creditor groups pursuant to various assets sales and/ or a Plan. Further, we will discuss how the Financial Advisor assists the Debtor and Counsel with getting the assets sales and/ or a Plan approved by the Court.

Topics Include:• Models (Valuation methods and Issues)• Breakdown specific line items - operating assets (sale or reorganization

value), residual assets• Plan support agreements/restructuring support agreements• Pre-packaged plans vs pre-negotiated plans• Contested confirmation hearings based on contested valuations

Speakers:Brian Ryniker, CIRA, CBIZ MHM LLCLeah M. Eisenberg, Arent Fox LLPJustin Alberto, Bayard, P.A.Coley Brown, CIRA, Huron Business AdvisoryPatrick Diercks, CIRA, Clear Thinking GroupTimothy J. Dragelin, FTI Consulting, Inc.Sheryl Giugliano, Diamond McCarthy LLPJean Hosty, Piper JaffrayDennis Kalten, CIRA, Crowe Horwath, LLPJeannie Kim, Winthrop Couchot P.C.Karl Knechtel, CIRA, Friedman LLPHoward Magaliff, Rich Michaelson Magaliff Moser LLPBrett Moore, Porzio Bromberg & Newman, P.C.Juliet Y. Oh, Levene, Neale, Bender, Yoo & Brill L.L.P.Dana Weintraub, PwC

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Aaron McDaniel is an entrepreneur, speaker, author and corporate manager with a passion for helping organizations better engage their millennial customers and empower their millennial employees. Currently, he is the co–founder and CEO of Access Invest, a crowdfunding aggregation platform that is revolutionizing private investing. At the age of 27 Aaron was one of the youngest ever to serve as Regional Vice President at AT&T, a Fortune Global 100 company, and taught a highly rated course on leadership as a student at UC Berkeley’s Haas School of Business.

Aaron is the author of The Young Professional’s Guide to the Working World (an international top 10 listed book printed in multiple languages) and The YoungProfessional’s Guide to Managing and has been written about in Forbes, Bloomberg BusinessWeek, US News & World Report and Kiplinger. He has also been heard on NPR & CBS Radio, seen on ABC’s Shark Tank and has spoken to groups of young professionals at top companies and organizations like Wells Fargo, The Ritz–Carlton Leadership Academy, Deloitte Consulting, UnitedHealth Group and the United Way.

Keynote Presentation by Aaron McDanielMaximize Your Gen Y ROI: How To Empower The Future Millennial Leaders Of Your Organization & Attract Millennial CustomersThere are more than 80 million members of the Millennial generation. A majority have entered the workforce and they are becoming an increasingly important target customer segment. Learn Who Millennials are, Why they are this way, What they want and How to maximize your Gen Y ROI. Get practical advice on how to attract Millennial customers and turn them into long-term revenue sources, and gain insights into how to motivate Millennials to be the future leaders of your business.

Aaron McDanielMillennial Expert, Speaker & Consultant

THE ANNUAL CONFERENCE BEGINS

6:30PM – 8:00PMOpening ReceptionSponsored by

Deloitte CRGDuane Morris LLP

Sponsored by: AlixPartners, LLP

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7:45AM – 8:45AMContinental BreakfastSponsored by ArentFox LLP

9:00AM – 9:30AMOpening RemarksAngela Shortall, CIRA, AIRA President; Protiviti, Inc.Thomas Morrow, CIRA, AIRA Executive Director

9:30AM - 10:45PMPreparation Pays Off: Plan Negotiation Strategies That WorkThe discussion will revolve around 3 constituents, 1 fact pattern and 1 “goal” for each constituent (i.e., cash, future work, collateral, equity, etc.). Each constituent team preps and the negotiation among the constituents will be public without sharing the “goal” until the “end”. Audience members will be able to ask questions such as why the approach was chosen as a tool to expand knowledge of bankruptcy and modeling techniques.

Speakers:Jess R. Bressi, DentonsJonathan Shenson, Shenson Law Group PCHon. Erithe A. Smith, U.S. Bankruptcy Court, CD CalNegotiators:John–Patrick Fritz, Levene, Neale, Bender, Yoo & Brill L.L.P.M. Douglas Flahaut, Arent Fox LLPKelly Ann Tran, Mulvaney Barry

Thursday, June 9th

CONFERENCE, DAY 1......10:45AM - 11:00AMMorning BreakSponsored by CohnReznick, LLP

11:00AM - NOON | Concurrent Session ASo, What Makes You The Expert?The panel will discuss effective approaches to expert witness testimony, including the impact of rules of evidence and Daubert challenges, focusing on the expectations of counsel and the court. Best practices for experts and attorneys from expert witness retention, preparation and testimony.

Speakers:Hon. Barry Russell (Moderator), U.S. Bankruptcy Court, CD CalJovi Bohan, Stout Risius Ross, Inc.Brian Calvert, Development Specialists, Inc.Corey Weber, Brutzkus Gubner Rozansky Seror Weber LLPRolf Woolner, Winston & Strawn LLP

11:00AM - NOON | Concurrent Session BLiquidating Trusts and Efficient Estate Wind DownsThis panel will discuss alternatives for winding down a post–confirmation estate (i.e., liquidating trust, litigation trust, or original entity). The presentation will cover best practices to maximize creditors’ recovery and minimize associated costs including tax consequences, other common issues that must be addressed and how they will affect the recovery to creditors.

Speakers:Steven T. Gubner (Moderator), Brutzkus Gubner Rozansky Seror Weber LLPAmanda Demby, Province Advisors

Shari Hartstein, CIRA, Bederson LLPDana Kane, Kelley Drye & Warren LLPJordan Vimont, Reid Collins & Tsai LLP

11:00AM - NOON | Concurrent Session CPerils of Family Owned BusinessesFamily owned businesses have a whole host of issues: family members entrenched in the operations without qualifications, conflicts of interest with investors, paying personal expenses out of company funds, etc. This panel will explore how these issues emerge in bankruptcy.

Speakers:Seth Moldoff, East West BankLarry Perkins, SierraConstellation Partners, LLCMichael Fixler, FocalPoint Partners LLCHamid Rafatjoo, Venable LLPHon. Mark S. Wallace, U.S. Bankruptcy Court, CD Cal

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THURSDAY OPTIONAL EXCURSIONS

Conference Day 1, Done -- Time to have fun! Connect with peers and make new contacts during one of four Thursday Optional Excursions showcasing the best of San Diego. See details on the next page.

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THURSDAY OPTIONAL EXCURSIONS

The Coronado Municipal Golf Course, opened in 1957, is rated as one of the best public golf courses in the nation and it’s just a few minutes from the conference hotel. The course measures 6,590 yards from the blue tees and is a par 72. Immaculate greens, wide inviting fairways and dramatic views coupled with incomparable weather, make Coronado a must–play for all golfers. Boxed lunches and beverages will be provided. Cost: $150

Join this fun, interactive tour and spend the afternoon sailing San Diego Bay on an Authentic 1992 America’s Cup Racing Yacht, which has been completely restored and is in pristine condition...and FAST!!! No sailing or boating experience is necessary. Complimentary water, soft drinks and snacks will be served during and after the sail, and complimentary photos and videos will be available for viewing and download after the sail..

Cost: $175

Enjoy a fun afternoon sampling a variety of award-winning beers made in one of America’s Finest Cities. It is no surprise that San Diego takes pride in their craft beer. With over 100 craft breweries in San Diego County, a beer enthusiast culture is thriving. On this private tour, you will visit three of San Diego’s most popular breweries! Lunch will be provided at the first brewery.

Cost: $85

12:30PM – 4:30PMSAN DIEGO BREWERY TOUR

12:30PM – 5:30PMGOLF AT CORONADO MUNICIPAL GOLF COURSE

1:00PM – 5:30PMSAN DIEGO BAY SAILING

Sponsored by: RSM USA, LLP

Sponsored by: Melville Capital

Done with the day now on to the night! Join your fellow colleagues for conversation, cocktails, dinner and dessert!

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6:30PM – 7:30PMCocktail ReceptionSponsored by

Squar Milner LLP

7:30PM – 8:30PMAnnual BanquetDinner Sponsored by

Huron Business AdvisoryWeiserMazars, LLP

Wine Sponsored byBean Hunt Harris & Company D.R. Payne & Associates, Inc. Golenbock Eiseman Assor Bell & Peskoe LLPKapilaMukamal, LLP Lefoldt & Co., P.A.MalekRemian LLC

8:30PM – 9:30PMPresentation of AwardsSponsored by

Zolfo CooperManny Katten Award

Zolfo Cooper Awards

Certificates of Distinguished Performance

9:30PM – 11:00PMDessert ReceptionSponsored by

Protiviti

THURSDAY NIGHT FESTIVITIES

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Friday, June 10th

CONFERENCE, DAY 2......

7:30AM – 8:30AMContinental BreakfastSponsored by Bederson LLP

8:30AM - 9:30AM | Concurrent Session AWage Issues in Bankruptcy–Will Minimum Wage Increases Lead to Business Failures?This panel will review the recent wage law increases in minimum wages in California and its potential to cause small businesses financial distress. The panel will discuss other wage and wage-related issues that can impact the viability of a going-concern business but also impede a successful Plan of Reorganization..

Speakers:Angela Shortall, CIRA (Moderator), Protiviti Inc.Steve Bronars, Edgeworth EconomicsDavid Carr, Garden Fresh Restaurant Corp.Eric Goldberg, DLA Piper

8:30AM - 9:30AM | Concurrent Session BAre You Ready for the New Bankruptcy Forms?This panel will review the new bankruptcy forms; why the forms were revised; how the new forms are different from the old forms, as well as any specific, hot-button issues noted in usage so far.

Speakers:Erin Brady, Jones DayWalt Brown, CIRA, FTI Consulting, Inc.Hon. Robert N. Kwan, U.S. Bankruptcy Court, CD CalBrian Osborne, Rust Omni

9:30AM - 10:30AM | Concurrent Session ADistressed Investing in a Variety of FormatsThere are a variety of funds (debt, equity, both), with different funding structures and investment parameters, that will invest in a distressed company from traditional private equity funds to debt funds, to family offices. In addition, the types of investments that such funds can make include asset purchases, equity investments in both common and preferred structures, and debt investments. This panel will discuss the differences between the types of investors and their investment thesis and explore the advantages and disadvantages of each. Further, it will analyze which situations the various forms of investors and investing are most appropriate. Finally, the panel will discuss how targets can work with investors less experienced with distress so that they can better participate in distressed processes.

Speakers:Teri Stratton, CIRA, (Moderator), Piper Jaffray & Co.Scott Fitch, Wynnchurch CapitalCarolyn Glick, Tennenbaum Capital PartnersMichael Goldstein, Esq., Goodwin Procter LLP

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9:30AM - 10:30AM | Concurrent Session BAcademic Probation: The Unique Dynamics of Educational RestructuringFor–profit schools are not the only segment in education facing financial difficulties. Demographic shifts, student debt overhang, declining state funding, ballooning pension obligations, massive deferred maintenance, and growing skepticism toward schools in the capital markets are among the many trends that point to an increase in restructuring among educational institutions. This panel will cover these issues, introduce the unique dynamics and constituents in an education restructuring, and explore restructuring options.

Speakers:Tim Hurley (Moderator), DeloitteJeremy Bass, Public Financial Management, Inc.David Crapo, Gibbons P.C.Daniel Sklar, Nixon Peabody LLP

10:30AM – 11:00AMMorning BreakSponsored by Polsinelli

11:00AM - NOON | Concurrent Session AHow Investment Bankers Get Full Value from Distressed TransactionsThis panel will discuss the strategies investment bankers use to maximize value for a distressed transaction. The speakers will look at efforts to raise debt and equity capital as well as assets sales under section 363, a plan of liquidation or an out–of–court transaction.

Speakers:Michael Ozawa, CIRA (Moderator), Enterprise Management Advisors,LLCSara Chenetz, Perkins Coie LLPGary Harrigian, Wells FargoPeter Ma, Colbeck CapitalKevin Schultz, MidMarket Corporate Development

11:00AM - NOON | Concurrent Session BFiduciaries Gone Wild?The panel will look at situations and case examples in which directors and officers, chief restructuring officers, plan fiduciaries, liquidating agents, trustees and receivers have been sued, challenged and/or criticized in the course of performing fiduciary duties. The panel will highlight potential problems in operating insolvent or distressed companies, and in liquidating assets with or without a court mandate; raise awareness of inherent risks encountered by professionals in performing their duties and potential claims against directors and officers; and look at applicable standards and defenses.

Speakers:S. Gregory Hays, CIRA, Hays Financial ConsultingTodd Bartels, PolsinelliHenry Sewell, Dentons

Friday, June 10th

CONFERENCE, DAY 2 CONT.......

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11:00AM - NOON | Concurrent Session C“Stop The Presses” Newspaper BankruptciesOver a decade has passed and restructuring activity is still strong in print media. The issues driving these restructurings are familiar to anyone following the news as well as how they are typically resolved. What isn’t as well publicized is what makes a successful restructuring versus an eventual return to bankruptcy court or ultimate liquidation. This panel will explore how new owners, both intentional and “accidental” owners, can maximize their potential returns with appropriate operational restructuring plans, proper corporate governance, and prudent capital structures.

Speakers:Neil Heyside (Moderator), Deloitte CRGHon. Kevin J. Carey, U.S. Bankruptcy Court, D DelWilliam Lobel, Lobel Weiland Golden Friedman LLPSteve Stone, Morris Communications Company

NOON – 1:30PMLuncheon Keynote Presentation

Dr. Vernon is a Research Seismologist at the Institute of Geophysics and Planetary Physics, Scripps Institution of Oceanography, University of California at San Diego. His current research interests are focused on developing distributed networked real–time sensor networks in terrestrial and marine environments. Currently he is the Director for the USArray Array Network Facility for the NSF EarthScope program. This

network currently has over 500 stations using seismic, acoustic, and atmospheric pressure sensors delivering real–time data to UCSD, which are redistributed to multiple sites. The ANF is responsible for real-time state–of–health monitoring for the network in addition to the real time data processing, archiving, and distribution. Data are acquired over multiple types of communication links including wireless, satellite, and wired networks.

Keynote Presentation by Dr. Frank VernonWildfires and Earthquakes – Monitoring Systems for the 21st CenturyThe western United States is under siege from increased wildfire, severe weather, and ever–present earthquake hazards. Early–warning and response systems that operate a single–hazard detection system inherently do not address the multitude of hazards faced by communities, are in many cases inefficient, and lack economy of scale. This calls for new approaches and broader cooperation to build efficiencies. We will discuss emerging disruptive technologies, based on the concept of the internet–of–things, that are currently being developed and deployed in parts of California and Nevada.

Dr. Frank VernonResearch Seismologist at the Institute of Geophysics and Planetary Physics, Scripps Institution of Oceanography, University of California at San Diego

Sponsored by: Enterprise Management Advisors, LLCYoung, Conaway Stargatt & Taylor, LLP

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Friday, June 10th

CONFERENCE, DAY 2 CONT.......

1:30PM - 2:30PM | Concurrent Session AOil and Gas BankruptciesThe panel will discuss (i) the causes for increased restructuring and bankruptcies in the oil and gas industry, (ii) the outlook on whether increased restructuring activity will accelerate, stay the same or diminish in the near-term, and (iii) key issues common to oil and gas restructurings.

Speakers:Chuck Carroll, CIRA, FTI Consulting, Inc.Thomas Howley, Jones Day Louis Strubeck Jr., Norton Rose FulbrightJohn Young, CIRA, Conway MacKenzie, Inc.

1:30AM - 2:30PM | Concurrent Session BThe Dark Intersection Between Bankruptcy and Government Regulatory EnforcementThis panel will discuss how the Debtor or Trustee recovers assets, including in the face of government investigations, and how to manage the intersection between bankruptcy and fraud perpetrators and key aspects of the criminal law. In addition, the panel will cover what is expected of a Debtor or Trustee during an active enforcement action against managers and what are effective ways for the Trustee to proceed with investigations and/or adversary proceedings during the course of active enforcement actions.

Speakers:Brian Ryniker, CIRA (Moderator), CBIZ MHM LLCKevin Bell, Securities Investor Protection CorporationRichard Bernard, Foley & Lardner LLPJohn Berry, Securities & Exchange CommissionIan Gazes, Gazes LLCDerrelle Janey, Gottlieb & Gordon LLP

2:30PM - 3:30PM | Concurrent Session AHealthcare Bankruptcies: Not Your Usual BankruptcyThis panel will discuss unique issues arising in healthcare bankruptcy cases including changes required under the 2005 BAPCPA. Working in this highly specialized profession with a myriad of regulatory requirements will be focused on by the panel.

Speakers:Kevin Clancy (Moderator), CohnReznickMark Bradshaw, Alecto Healthcare ServicesRon Bender, Levene, Neale, Bender, Yoo & Brill L.L.P.Robert Zinkham, Venable LLP

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......2:30PM - 3:30PM | Concurrent Session BBest Practices for Avoiding Preference SuitsPreference recovery is an important part of many cases however it can be very emotional when a creditor is sued to return money to the estate. This panel will discuss best practices to help your client avoid being sued and what to do if your client does receive a demand letter or preference complaint. The panel will look and both negotiation techniques and litigation tactics.

Speakers:Jason Pomerantz (Moderator), Pachulski Stang, Ziehl & Jones LLPBrad Boe, Performance Food GroupCraig Boucher, Deloitte CRGAndrew Caine, Pachulski Stang Ziehl & Jones LLPBrad Hall, AlixPartners, LLP

3:30PM – 4:00PMAfternoon BreakSponsored by Berkeley Research Group

4:00PM - 5:00PM | Concurrent Session AGrocery Store BankruptciesGrocery store bankruptcies raise unique issues. The panel will cover unique characteristics, issues and techniques to apply in grocery store bankruptcies. Techniques will be discussed in the context of case studies of several recent grocery store filings including Haggen, A&P, Fresh & Easy I, and Fresh & Easy II. The panel will also discuss, can we expect more grocery store bankruptcies?

Speakers:Shirley Cho, Pachulski Stang Ziehl & Jones LLPRodi Blokh, Zolfo CooperJon Goulding, CIRA, Alverez & MarsalJonathan Helfat, Otterbourg P.C.Richard Seltzer, Cohen, Weiss and Simon LLP

4:00PM - 5:00PM | Concurrent Session BIs Valuation Voodoo?The panel will look at how professionals using quantitative valuation methods frequently arrive at significantly different restructuring valuations and what effect does this have on the reorganization process. The impact of different valuation techniques and the selection of model assumptions and their effect on reorganization value will be discussed.

Speakers:Steve Schenk, CIRA (Moderator), Vantage Point AdvisorsBrett Axelrod, Fox Rothschild LLPBruce Bingham, Berkeley Research Group, LLCHon. Margaret M. Mann, U.S. Bankruptcy Court, SD Cal

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6:00PM – 10:30PMDinner at the San Diego ZooAC16 attendees can go on safari for a very special evening at the world–famous San Diego Zoo (voted the #1 Zoo by Trip Advisor). Surrounded by a beautiful setting and exotic wildlife, our safari includes a private behind–the–scenes tour of the Zoo followed by cocktails and dinner in the Elephant Odyssey area. This one–of–a–kind outdoor dining space is surrounded by lush landscape and offers an eye level view of the Elephants.

Don’t miss this unique experience – secure your spot and register now! AIRA will provide round–trip transportation from the hotel. To add this event to an existing registration contact the AIRA offices 541–858–1665 or email [email protected]. New registrants simply add the excursion during registration!

Sponsored by Greenberg Traurig, LLP

FRIDAY NIGHT FESTIVITIES

Cost:$175

Photos: Courtesy of San Diego Zoo

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Saturday, June 11th

CONFERENCE, DAY 3......7:30AM – 8:30AMContinental BreakfastSponsored by Stradling Yocca Carlson & Rauth, PC

8:30AM - 9:45AMPuerto Rico – Where Is It Going?This panel will discuss the unique issues of the Puerto Rico Crisis, the difficulties posed by the lack of eligibility to Chapter 9, the status of the requests to Congress and the U.S. Supreme Court and the alternatives outside of bankruptcy that municipalities and public corporations have to solve their financial crisis.

Speakers:Matthew Schwartz, CIRA (Moderator), Bederson, LLPEsben Christensen, AlixPartners, LLPSonia Colon, Ferraiuoli LLC Paul Glassman, Stradling Yocca Carlson & Rauth, P.C.Hon. Meredith Jury, U.S. Bankruptcy Court, CD Cal

9:45AM – 10:00AMMorning Break

10:00AM - 11:15AM Professional Standards of Care for Attorneys and Financial AdvisorsThe panel will explore similarities and differences in ethical responsibilities and professional standards/duties between CPAs and CIRAs and attorneys, and how this impacts cases. They will explore the question, do Model Rules of Professional Conduct exist for CPAs and CIRAs?

Speakers:William Harrington (Moderator), Office of the U.S. Trustee Hon. Peter Bowie (Retired), Ballard Spahr LLPJim Lukenda, CIRA, Huron Business AdvisoryRobert Poppiti Jr., Young Conaway Stargatt & Taylor, LLP......

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AC16 may be over, but it’s not too soon to start planning for next year!

AIRA’s 33rd Annual Bankruptcy & Restructuring Conference Four Seasons Resort & Club, Dallas at Las Colinas Dallas, TX.

June 6 - 10, 2017

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About the CIRA & CDBV ProgramsThe Certified Insolvency & Restructuring Advisor (CIRA) recognizes by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities. Such expertise includes accounting, operations, strategic, taxation and finance issues related to business bankruptcy and insolvency. Certification requires successful completion of the three-part course of study and written examinations, experience and other requirements.

The Certification in Distressed Business Valuation (CDBV) is a unique certification program in valuation of distressed assets including distressed and/or bankrupt companies. The Association of Insolvency and Restructuring Advisors launched the CDBV program to train and accredit professionals in this highly specialized area of business valuation. The CDBV program’s course of study is comprehensive and advanced. Certification requires successful completion of the three-part course of study and written examinations, experience and other requirements.

CIRA Part 1: Managing Turnaround and Bankruptcy Cases, June 6-8

New and already-enrolled candidates will be able to take Part 1 of the CIRA Program at the Coronado Island Marriott Resort & Spa during the week of AIRA’s 32nd Annual Conference. The class will be taught by Thomas Morrow, CIRA, AIRA’s Executive Director. CIRA 1 registrants are invited to attend Wednesday’s luncheon program and afternoon session of their choice.

June 6-8 Schedule8:30 am – 5:30 pm Monday, June 6 8:30 am – 5:30 pm Tuesday, June 7 8:30 am – 11:30 am Wednesday, June 8 (Exam)

CIRA Part 1 Includes• Financial statement analysis of troubled companies• Causes of business failures• Profitability Improvements Including outsourcing• Turnarounds and workouts• Stages of the turnaround process• Operational/strategic issues• Dealing with creditors and their committees• Pre-bankruptcy planning• Managing bankruptcy cases• Special investigations including preferences and fraudulent transfers• Qualifies for up to 20 CPE credits

Become a Certified Insolvency & Restructuring Advisor!

For more information or registration visit us

online at www.AIRA.org

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Become a Certified Insolvency & Restructuring Advisor!

32nd Annual Conference Registration Form Name ______________________________________________________________________________ Name as it should appear on badge _______________________________________________________Firm _______________________________________________________________________________Address ____________________________________________________________________________City __________________ State __________________________ Zip _______________________Phone ___________________________________ Fax ______________________________________Email ______________________________________________________________________________CPE Requested __________ CLE Requested ____________________ State _______________________

Payment Visa Mastercard American Express Discover Check Enclosed

Credit Card # Exp Billing Zip Signature

AIRA Grant Newton Educational Endowment Fund (Optional) I want to make a contribution with my registration. $50 $100 Other $

I want to make a pledge, please contact me.

Cancellation/Refund Policy: Written cancellation for conference or any social activities must be received by Monday, May 9, 2016 for a full refund, less a $75 cancellation processing fee. Registrations will not be processed until payment is received. No refunds will be made after May 9, 2016, however, substitutions will be allowed.

Financial Aid—AIRA has established a policy for assisting persons who need financial aid. To obtain information about and/or apply for financial aid, email Thomas Morrow at [email protected]

Excursions (Optional, per person)

Member Non-Member Member Non-MemberAttendee Rates

Wed Preconference only (includes lunch) Conference only (Thurs - Sat)Conference & Wed Preconference

Early Bird After May 16, 2016

Govt./Academic/US Trustees or Judges and Staff $75 Preconference Only $150 Conference Only $225 Preconference & Conference

A la Carte Events Guest, Wednesday - Opening ReceptionGuest, Thursday - Reception, Annual Banquet & DessertGuest, Friday Lunch Program Guest Pass - All of the above plus breakfasts & breaksGuest Name(s)

Wednesday LunchOpening ReceptionAnnual Banquet and Dessert

$75$100 $175

Guest Rates (Per Guest)

Thursday, June 9th

Golf at Coronado Island San Diego Brewery TourSan Diego Bay SailingPetco Park Tour

Friday, June 10th

San Diego Zoo Dinner

$150$85

$175$30

$175

# of Particpants

Submit completed form by fax to (541) 858-9187, or PDF to [email protected]

Online Registration available at www.AIRA.org

*Fee includes AIRA Membership thru 05/31/2017 for first time members only — A $295 value

$395$724$875

$395$900*$1050*

$425$799$975

$425$975*$1150*

$100$175 $75

$225

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CPE and CLE CreditsUp to 8 CPE / 6.0 CLE* credits for preconference seminars (Bankruptcy Taxation; Financial Advisors’ Toolbox); up to 12.5 CPE / 10.5 CLE* credits for the 32nd Annual Bankruptcy and Restructuring Conference; and CIRA participants may receive up to 20 CPE credits for Part 1 of the CIRA course, in accordance with the standards of the National Registry of CPE Sponsors. All CPE credits have been calculated based on a 50-minute hour. All CLE credits have been calculated on a 60-minute hour (however, some states award credit based on a 50 minute hour). Financial hardship scholarships are available. Please apply in writing to Thomas Morrow at [email protected]. *Approval pending for some states.

The Association of Insolvency & Restructuring Advisors (AIRA) Association of Insolvency and Restructuring Advisors 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.learningmarket.org.

221 Stewart Avenue, Suite 207Medford, OR 97501 Phone: 541-858-1665 | Fax: [email protected] | www.aira.org

AIRA Association ofInsolvency &Restructuring Advisors