Bankruptcy powerpoint | Civil homework help

 

Purpose

The purpose of this power point project is to research and analyze debt management, bankruptcy options and consequences bankruptcy for businesses.

This project requires you to identify and assess legal issues, apply law to facts and make recommendations.  

Course outcome met by this project:

  • analyze and apply principles of secured transactions, creditor-debtor rights, and bankruptcy in the business environment

Background:

After five years of operations, the economy began to slow due to inflation and rising interest rates. The result was rising prices in consumer goods and a marked reduction in discretionary spending. In addition, consumer credit was affected by late payments and defaults.

This had a three-pronged negative effect on PI. First, there was a significant reduction in new contracts for paint jobs. Second, the price of paint took a steep jump, and finally,  many customers to whom credit was extended for paint jobs began falling behind on payments and in some cases defaulted on their credit agreements.

This has severely hurt PI’s financial condition and the company experienced a loss during the first quarter of the current year and the forecast for the next quarter does not show any improvement. As a result, the three owners have asked their accountants for a complete audit of the company’s books.

After meeting with their accountants, Jo, Maddy and Taylor have asked BCA for advice about the options that are available to mitigate their losses, including whether to file for bankruptcy or explore other remedies.

Pat and Gale have been asked to research possible options available to PI and prepare a Power Point presentation for PI regarding your findings.

Instructions:

Before you begin your research and analysis, review the summary of the accountants’ audit.

Audit Summary:

Assets:

Cash in Bank                              $  10,987.56

Reserve (CD)                              $100,000.00

Real Property                              $200,000.00

Warehouse                                 $250,000.00

Inventory                                    $  12,000.00

Fixtures                                      $  35,682.00

Office furnishings                        $  15,500.00

Tools and equipment                   $    2,500.00 

Accounts Receivable                   $  55,235.75

Liabilities:

First State Bank                          $105,000.00 (balance on mortgage on property – perfected)

First State Bank                          $175,000.00  (balance on construction loan – secured by warehouse and perfected)

PNC Bank                                   $  22,970.00  (secured loan on fixtures – perfected)

First State Bank                          $ 12,000.00 (inventory secured on a floating lien – perfected)

PNC Bank                                   $  10,500.00 (secured loan by office furnishings – not perfected)

First State Bank                          $150,000.00 (unsecured line of credit)

Three owners                              $150,000.00 (unsecured loans made to company)

Payroll and Taxes                       $   12,350.00

Rent on Office/Showroom            $    3,000.00

Insurance                                   $    5,000.00 (workers comp, group health, key-person, liability, group life)

Office Depot                                $       350.00 (office supplies)

Lowe’s                                        $       675.00 (tools and equipment)

Your Power Point presentation should address the following:

Part I.  Bankruptcy Options

Research and analyze the two bankruptcy options available to PI.

A.  Bankruptcy Option 1:

  • Explain in detail the requirements for this type of bankruptcy and the steps required in the filing process.

B.   Bankruptcy Option 2:

  • Explain in detail the requirements for this type of bankruptcy and the steps required in the filing process.

Part II. Options other than Bankruptcy

Research, analyze and explain possible options available for PI outside of filing for bankruptcy.

A.  Option 1:

B.  Option 2:

Etc.

Part III.  Recommendation

Recommend a course of action for PI and explain why it is the best option for PI.

Format:   

There is no set number of Power Point slides but include a title page and a reference page. 

Please place all notes and explanations for EACH slide directly on slides in the PPT presentation – not in a separate document.  You likely will need more than one PPT slide for each point/idea/concept so that everything you want to say/include in the presentation will be contained in the PPT slides.

You should use only assigned resources available in the classroom for the project.

If needed, please refer to the following links for tips on preparing a PPT presentation.

Use in text citations, as needed.

Include a References List of cited resources.

Thoroughly read the presentation to ensure all required elements are present.  Use the grading rubric to ensure that you gain the most points possible for this assignment.

Proofread for spelling and grammatical issues, and third person writing. 

Use the spell and grammar check in Word;

Premium Custom Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.