They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
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:
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.
Before you begin your research and analysis, review the summary of the accountants’ audit.
Cash in Bank $ 10,987.56
Reserve (CD) $100,000.00
Real Property $200,000.00
Inventory $ 12,000.00
Fixtures $ 35,682.00
Office furnishings $ 15,500.00
Tools and equipment $ 2,500.00
Accounts Receivable $ 55,235.75
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:
B. Bankruptcy Option 2:
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:
Part III. Recommendation
Recommend a course of action for PI and explain why it is the best option for PI.
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;
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more