{"product_id":"business-valuation-and-bankruptcy-isbn-9780470462386","title":"Business Valuation and Bankruptcy","description":"\u003cb\u003eAn essential guide to business valuation and bankruptcy\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eBusiness Valuation and Bankruptcy\u003c\/i\u003e helps you-whether you are an accountant dealing with a troubled company, a lender, an investor, a bankruptcy and restructuring lawyer\/financial advisor, or a private equity player-to focus on solving everyday and case determinative disputes when creditors, lenders, and debtors have differing views of value.\u003c\/p\u003e \u003cp\u003eIntroducing valuation issues early on in the restructuring\/bankruptcy process so you can plan accordingly, this book offers\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eMany real life case examples, case descriptions, and tables to demonstrate the applicable sections of the Bankruptcy Laws\u003c\/li\u003e \u003cli\u003eA review of the methods, applications, pros and cons of restructuring with the basic tools to understanding it\u003c\/li\u003e \u003cli\u003eA description of the life cycle of a troubled company and the various stages of a restructuring\u003c\/li\u003e \u003cli\u003eAn analysis of the valuation issues that confront practitioners in the real world of application of the law\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eBusiness Valuation and Bankruptcy\u003c\/i\u003e is written in terms that are common to bankruptcy professionals and is essential, timely reading for players in the bankruptcy and restructuring environment.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Troubled Company Continuum 1\u003c\/p\u003e \u003cp\u003eOperational and Financial Disstress 3\u003c\/p\u003e \u003cp\u003eThe Troubled Company Response 3\u003c\/p\u003e \u003cp\u003eValuation in Reorganization or Bankruptcy 5\u003c\/p\u003e \u003cp\u003eConclusion 6\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Industry Practitioners and Standards 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfessional Organizations and Business Valuation Standards 7\u003c\/p\u003e \u003cp\u003eBusiness Valuation Practitioners and Certifications 14\u003c\/p\u003e \u003cp\u003eConclusion 19\u003c\/p\u003e \u003cp\u003eNotes 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Basics of Business Valuation 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Purpose of the Valuation 21\u003c\/p\u003e \u003cp\u003eStandard of Value 22\u003c\/p\u003e \u003cp\u003ePremise of Value—Going Concern or Liquidation 23\u003c\/p\u003e \u003cp\u003eValuation Approaches 25\u003c\/p\u003e \u003cp\u003eFundamentals 29\u003c\/p\u003e \u003cp\u003eConclusion 38\u003c\/p\u003e \u003cp\u003eNotes 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Income Approach 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow Method 41\u003c\/p\u003e \u003cp\u003eCapitalized Cash Flow Method 57\u003c\/p\u003e \u003cp\u003eConclusion 58\u003c\/p\u003e \u003cp\u003eNote 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Market Approach 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGuideline Company Method 61\u003c\/p\u003e \u003cp\u003eComparable Transaction Method 73\u003c\/p\u003e \u003cp\u003eConclusion 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 United States Bankruptcy Code 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the Structure of the Bankruptcy Code 83\u003c\/p\u003e \u003cp\u003eCommencement of a Bankruptcy Case and Filing of Schedules 84\u003c\/p\u003e \u003cp\u003eChapter 7 of the Bankruptcy Code 85\u003c\/p\u003e \u003cp\u003eChapter 11 of the Bankruptcy Code 85\u003c\/p\u003e \u003cp\u003eAvoiding Powers under the Bankruptcy Code—Preferences 94\u003c\/p\u003e \u003cp\u003eAvoiding Powers under the Bankruptcy Code—Fraudulent Transfers 95\u003c\/p\u003e \u003cp\u003eValuation Principles from the Bankruptcy Courts 95\u003c\/p\u003e \u003cp\u003eConclusion 96\u003c\/p\u003e \u003cp\u003eNotes 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Valuations in Bankruptcy as of the Date of the Hearing 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 97\u003c\/p\u003e \u003cp\u003eRelief from the Automatic Stay and Adequate Protection 98\u003c\/p\u003e \u003cp\u003e§ 363 Sales 100\u003c\/p\u003e \u003cp\u003eUse of Cash Collateral 105\u003c\/p\u003e \u003cp\u003eDisclosure Statement 105\u003c\/p\u003e \u003cp\u003ePlan Confirmation—Feasibility 105\u003c\/p\u003e \u003cp\u003ePlan Confirmation—Best-Interests-of-Creditors Test 106\u003c\/p\u003e \u003cp\u003ePlan Confirmation—Cram Down 106\u003c\/p\u003e \u003cp\u003eConclusion 111\u003c\/p\u003e \u003cp\u003eNotes 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Valuations in Bankruptcy at a Time in the Past—Avoidance Actions 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 121\u003c\/p\u003e \u003cp\u003eAvoidance Actions—Preferences 121\u003c\/p\u003e \u003cp\u003eAvoidance Actions—Fraudulent Transfers 123\u003c\/p\u003e \u003cp\u003eThe Applicable Legal Tests for Insolvency 128\u003c\/p\u003e \u003cp\u003eInsolvency Test: Valuation of Debts 129\u003c\/p\u003e \u003cp\u003eInsolvency Test: The Valuation of Assets 132\u003c\/p\u003e \u003cp\u003eProof of Insolvency by Retrojection 135\u003c\/p\u003e \u003cp\u003eThe Insolvency Test: Comparing Assets and Debts 135\u003c\/p\u003e \u003cp\u003eIs the Public Market’s Assessment in the Past Conclusive Proof of Solvency, Even If the Company Later Fails? 135\u003c\/p\u003e \u003cp\u003eUse of Hindsight in the Valuation Process 136\u003c\/p\u003e \u003cp\u003eConclusion 143\u003c\/p\u003e \u003cp\u003eNotes 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Solvency Opinions 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 149\u003c\/p\u003e \u003cp\u003eWho Uses Solvency Opinions? 149\u003c\/p\u003e \u003cp\u003eSolvency Opinion Preparation 151\u003c\/p\u003e \u003cp\u003eSolvency Metrics 153\u003c\/p\u003e \u003cp\u003eCase Studies 155\u003c\/p\u003e \u003cp\u003eConclusion 157\u003c\/p\u003e \u003cp\u003eNotes 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Daubert 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChallenges to Experts or Their Testimony 159\u003c\/p\u003e \u003cp\u003eLack of Relevance 171\u003c\/p\u003e \u003cp\u003ePractical Lessons from Daubert Cases for Experts and Lawyers 171\u003c\/p\u003e \u003cp\u003eConclusion 173\u003c\/p\u003e \u003cp\u003eNotes 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAICPA Statement on Standards for Valuation Services No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset 179\u003c\/p\u003e \u003cp\u003eIndex 255\u003c\/p\u003e   \u003cp\u003eIAN RATNER, CPA, ABV, ASA, CFE, of GlassRatner Advisory \u0026amp; Capital Group LLC, is a nationally recognized financial advisor, focused in the area of forensic accounting, litigation support, business valuation, and bankruptcy consulting. He has a proven track record as an expert advisor and has led high-profile and complex assignments including failed transactions, SEC investigations, financial reporting frauds, large corporate bankruptcies, and countless commercial litigation matters. In many of these cases, he is asked to decipher contradictory valuation opinions and testimony by getting behind the numbers relied on by others. Ian has testified as an expert on dozens of occasions in state and federal courts in various jurisdictions around the country. \u003c\/p\u003e\u003cp\u003eGRANT T. STEIN is partner in the law firm of Alston \u0026amp; Bird LLP in the Bankruptcy, Reorganization and Workouts Group. He is a Fellow of the American College of Bankruptcy, Chair and past president of the Southeastern Bankruptcy Law Institute, and is identified as a top practitioner in \u003ci\u003eChambers USA: America's Leading Lawyers for Business\u003c\/i\u003e,\u003ci\u003e The Best Lawyers in America,\u003c\/i\u003e and\u003ci\u003e Super Lawyers\u003c\/i\u003e magazine. During his more than twenty-five years of practice, he has amassed extensive bankruptcy and litigation experience dealing with valuation questions. \u003c\/p\u003e\u003cp\u003eJOHN C. WEITNAUER is a partner with the law firm of Alston \u0026amp; Bird LLP in the Bankruptcy, Reorganization and Workouts Group. In 2006, he was co-trial counsel for plaintiffs in a jury trial that involved many business valuation issues, and obtained a verdict stating that over $965,000,000 in transfers were made with the actual intent to defraud the plaintiffs, with $350,000,000 in punitive damages. He has been included in \u003ci\u003eThe Best Lawyers in America\u003c\/i\u003e reference books since 1995. He is profiled in \u003ci\u003eChambers USA\u003c\/i\u003e: \u003ci\u003eAmerica's Leading Lawyers for Business\u003c\/i\u003e. He is a Contributing Editor of two bankruptcy treatises, \u003ci\u003eNorton Bankruptcy Law and Practice\u003c\/i\u003e and the \u003ci\u003eBankruptcy Litigation Manual\u003c\/i\u003e.     \u003c\/p\u003e\u003cp\u003eBUSINESS VALUATION\u003cb\u003e \u003csmall\u003eAND\u003c\/small\u003e\u003c\/b\u003e BANKRUPTCY \u003c\/p\u003e\u003cp\u003eThe bankruptcy process is not always well understood from a practical level by those making business decisions and evaluating strategic alternatives. \u003ci\u003eBusiness Valuation and Bankruptcy\u003c\/i\u003e helps you—whether you are an accountant dealing with a troubled company, a lender, an investor, a bankruptcy and restructuring lawyer, financial advisor, or a private equity player—to understand case-determinative issues when creditors, lenders, and debtors have differing views of value. It lets you understand the context of the issues and get far below the surface of the analysis you will be making. \u003c\/p\u003e\u003cp\u003eIntroducing valuation issues early on in the restructuring\/bankruptcy process so you can plan accordingly, this book offers: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eA description of the life cycle of a troubled company and the various stages of a restructuring\u003c\/li\u003e \u003cli\u003eAn analysis of the valuation issues that confront practitioners in the real-world application of the law\u003c\/li\u003e \u003cli\u003eCoverage of the key principals in practice\u003c\/li\u003e \u003cli\u003eAn in-depth look at the legal environment in which both the valuation testimony is received and how the testimony is measured to determine its admissibility\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by practitioners who have practical experience in the courtroom as experts and lawyers, as well as at the negotiating table, \u003ci\u003eBusiness Valuation and Bankruptcy\u003c\/i\u003e is packed with many real-life examples to demonstrate the applicable sections of the bankruptcy laws.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988874084581,"sku":"NP9780470462386","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470462386.jpg?v=1761781868","url":"https:\/\/k12savings.com\/products\/business-valuation-and-bankruptcy-isbn-9780470462386","provider":"K12savings","version":"1.0","type":"link"}