Powerpoint Presentation about Bankruptcy

Powerpoint Presentation about Bankruptcy

Description/Paper Instructions

Purpose

The goal of this power point assignment is to explore and analyze debt management, bankruptcy options, and business ramifications of bankruptcy.

You must identify and assess legal concerns, apply law to facts, and give recommendations for this assignment.

This project achieved the following course outcome:

In the business world, examine and apply the principles of secured transactions, creditor-debtor rights, and bankruptcy.

Background:

Due to inflation and rising interest rates, the economy began to stagnate after five years of operation. As a result, consumer prices have risen and discretionary expenditure has decreased significantly. Late payments and defaults also had an impact on consumer credit.

PI was negatively affected in three ways as a result of this. To begin with, there was a large drop in new paint work contracts. Second, the cost of paint increased dramatically, and as a result, many customers who had been given credit for painting jobs began to fall behind on payments, and in some cases defaulted on their credit agreements.

This has had a significant impact on PI’s financial situation, with the company reporting a loss in the first quarter of this year and no signs of improvement in the second quarter. As a result, the three owners have requested a full audit of the company’s books from their accountants.

Following a meeting with their accountants, Jo, Maddy, and Taylor approached BCA for guidance on how to limit their losses, including whether to file for bankruptcy or pursue other options.

Pat and Gale have been given the task of researching viable choices for PI and preparing a Power Point presentation for PI based on your findings.

Instructions:

Review the summary of the accountants’ audit before you begin your investigation and analysis.

Summary of the audit:

Assets:

$10,987.56 in the bank

$100,000.00 Reserve (CD)

$200,000.00 in real estate

$250,000.00 Warehouse

$ 12,000.00 Inventory

$ 35,682.00 for fixtures

Furnishings for the office are valued at $ 15,500.00.

Equipment and tools 2,500.00 dollars

$ 55,235.75 in Accounts Payable

Liabilities:

First State Bank has a balance of $105,000.00. (balance on mortgage on property – perfected)

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

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

The First State Bank has a balance of $12,000.00. (inventory secured on a floating lien – perfected)

PNC Bank has set aside $10,000.00 for this purpose (secured loan by office furnishings – not perfected)

The First State Bank has a loan of $150,000.00. (unsecured line of credit)

$150,000.00 divided among three owners (unsecured loans made to company)

$ 12,350.00 in Payroll and Taxes

The rent for the office/showroom is $3,000.00.

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

$ 350.00 Office Depot (office supplies)

675.00 Lowe’s (tools and equipment)

The following topics should be addressed in your Power Point presentation:

Part I: Bankruptcy Alternatives

Investigate and evaluate the two bankruptcy alternatives open to PI.

Option 1: Bankruptcy:

Explain the prerequisites for this sort of bankruptcy in detail, as well as the stages involved in the filing process.

Option 2: Bankruptcy B.

Explain the prerequisites for this sort of bankruptcy in detail, as well as the stages involved in the filing process.

Part II: Alternatives to Bankruptcy

Outside of bankruptcy, research, assess, and explain the alternatives available to PI.

Option No. 1:

Option No. 2:

Etc.

Recommendation (Part III)

Recommend an action plan for PI and explain why it is the best alternative for PI.

Format:

Although there is no prescribed amount of Power Point slides, a title page and a reference page should be included.

All comments and explanations for each slide should be placed right on the slides in the PPT presentation, rather than in a separate document. You’ll probably need more than one PPT slide for each point/idea/concept so that the PPT slides can hold everything you want to say/include in the presentation.

For the project, you should only use the resources that have been assigned to you in the classroom.

If you need help developing a PowerPoint presentation, please see the links below.

Citations should be used when needed in the text.

Include a list of cited materials in the References section.

Read the presentation thoroughly to ensure that all needed items are included. Make use of the grading rubric to ensure that you receive the maximum number of points for this project.

Check for spelling and grammatical errors, as well as third-person writing.

Use Word’s spell and grammar check;

nment Chapter21Bankruptcy.pdf