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Managing a Restructure

Learn how to communicate the restructuring process to your business.

So few managers and business owners have been on the inside of a bankruptcy, restructuring, or reorganization and have no idea why the other side is doing what they are doing or what they are trying to accomplish, let alone understand how a company can use the process to its advantage. This topic will help you understand how to manage a successful company restructure through communication, engaging employees, selecting the right people, and with case studies.

59 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Communicating a Vision for Success

  • First Step Is Recognizing There Is a Problem
  • Cash Is King
  • Understanding Business Archetypal Structure (Developed as a Way to Establish How the Organization Functions to Execute Its Goals)
  • Communicate Organizing the System in a New Way to Increase the Effectiveness of the Operation, May Result in Changing the Structure

Selecting the Right People

  • Attorneys
  • Management
  • Other Professionals

Communicating the Why and What

  • Restructuring Under Chapter 11 Generally Means Relieving Debt Obligations That Stifle Growth, Terminating Unprofitable Contracts, or Selling Unproductive Assets
  • Restructure Will Likely Also Include Reconfigurations or More Surface-Level Changes Such as Adding, Splitting, Transferring, or Dissolving Business Units That Do Not Necessarily Impact the Deeper Structure
  • Continue Operations and Serve Customers

Engaging Employees

  • Plan
  • Low Impact
  • Ordinary Course Operations
  • Debtor's Business Judgment/Oversight of Court

Case Studies/Examples

  • Century III Mall
  • MHF Trucking
  • Prime Metals and Alloys, Inc.
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 26, 2021.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.0
     
  • This E-Learning program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kirk B. Burkley, Esq.

Kirk B. Burkley, Esq.

Bernstein-Burkley, P.C.

  • Managing Partner of Bernstein-Burkley, P.C.
  • Practice emphasizes all aspects of bankruptcy and restructuring, creditors’ rights, business and corporate transactions, litigation, real estate, and oil and gas
  • Conducts regular seminars/live webinars and workshops on bankruptcy, creditors’ rights, and oil and gas
  • Author of several publications related to bankruptcy field, with work appearing in ABI Journal, Equipment Leasing Newsletter, Pennsylvania Association of Credit Managers Newsletter The Creditor, and more
  • President of the American Board of Certification (2020), past president of Turnaround Management Association, member of Allegheny County Bar Association, American Bankruptcy Institute
  • J.D. degree, University of Pittsburgh School of Law; B.S. degree, Ohio University
  • Can be contacted at 412-456-8108 or [email protected]
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408970
Published 2021
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