Bankruptcy in a Post-COVID World

Podcasts

In this episode, we discuss how the impact of the COVID pandemic on businesses and bankruptcy did not out as many had anticipated. The support from the government through the CARES Act and PPP loans appears to be helping individuals and companies stay out of bankruptcy, but there is uncertainty about how long this will last. Josh and guest Melissa Davis discuss:

  • Low-interest rates and government assistance appear to be holding off bankruptcy filings for now.
  • The economic uncertainty should be impacting company valuations going forward.
  • Knowledge of the client’s industry, business, and economy helps professionals prepare supportable valuations when assisting a client in navigating Chapter 11.

The podcast will also discuss some important strategies, such as:

  • Liquidation analysis considerations.
  • Potential clients and related services that practitioners may assist and provide during bankruptcy proceedings.
  • Practice management considerations to assess before taking on this type of work.

Click here to listen now.

Produced by: AICPA & CIMA‘s “Forensic and Valuation Services (FVS) Podcast”

Host(s): Joshua J. Shilts, CPA, ASA, ABV/CFF/CGMA, CFE – President, Shilts CPA  

Guest(s): Melissa Davis, CPA, CIRA, CFE – Partner, Kapila Mukamal

The information in this podcast is provided for informational purposes only. It should not be misconstrued as legal or accounting advice, intended as a thorough, in-depth analysis of specific issues, or as a substitute for a formal opinion. It presents matters of general interest relating to business valuation, forensic accounting, and litigation support topics for educational purposes only. Shilts CPA, PLLC disclaims all liability concerning actions taken or not taken based on any or all the contents of this podcast.

We would be pleased to perform the requisite research and provide a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation service.