Welcome to Wall Street Prep! Use code at checkout for 15% off.

background
Wharton & Wall Street Prep Private Equity Certificate: Now Accepting Enrollment for May 1-June 25 →
Wall Street Prep

Corporate Restructuring

$399Add to Cart
You don't have access to this course, but you can purchase it below.
Certification Program + 2 Bonus Courses

Corporate Restructuring

  •   67 Lessons
  •   4h 42m
  •   16,731 Students

Learn the central considerations and dynamics of both in- and out-of-court restructuring along with major terms, concepts, and common restructuring techniques. Includes 2 Bonus Courses: Restructuring Modeling and Restructuring Primer for Junior Bankers.

$399 Add to Cart   Training a Team?
2 Bonus Courses Included: Restructuring Modeling Demystifying Restructuring IB

Understand the Restructuring and Bankruptcy Process

  • Step-by-Step Video + Real Case Studies

    Using real case studies and a step-by-step approach, you will learn the central considerations and dynamics of both out-of-court and in-court restructuring, along with major terms, concepts, and common restructuring techniques.

  • Taught by Experienced Restructuring Instructor-Practitioners

    This is the same training program Wall Street Prep delivers to restructuring groups at some of the world'd top investment banks. It is taught by former investment bankers who have worked on high-profile corporate restructuring deals.

  • Shareable Certification

    Enrollment includes the option of sitting for the Corporate Restructuring Certification Exam. Those who successfully pass the exam can present their achievement on their resumes and LinkedIn (see below).

What You'll Learn

Course 1: Understanding Corporate Restructuring
The Restructuring & Bankruptcy Framework
  • Explore the various factors that lead to financial distress.
  • Learn how to impute asset values based on market prices for a company’s equity and debt trading levels.
  • Connect the concept of reorganization value to more traditional valuation concepts like enterprise value.
  • Understand priority of claims.
  • Learn how inter-creditor agreements, secured vs unsecured, maturity and corporate structure all play a role in restructuring outcomes.
  • Explore how the competing motivations and interests of the stakeholders in restructuring all impact the process.
Valuation & Recovery Analysis and Distressed M&A
  • Dive deeper into common analyses, including valuation based on management projections, liquidity analysis, a recovery waterfall, and potential equity value post emergence.
  • Learn how restructuring fits within a variety of strategic alternatives for firms under distress.
  • Understand the mechanics of credit bidding and 363 sales
  • Model valuation and capital structure scenarios and the impact on recoveries to the various creditors.
Bonus Course: Restructuring Modeling
Model some of the most challenging aspects of a bankruptcy, including:
  • Working capital reclassifications such as critical vendors/AP.
  • DIP financing, borrowing base and availability calculations, adequate protection payments.
  • Balance sheet roll-forward schedules that maintain a consistent link structure to the cash flow statement and increase transparency.
  • Fees, rejection claims and CODI.
  • Model recoveries at various operating scenarios.
  • Construction of a recovery waterfall that can accommodate scenarios that deviate from the absolute priority rule.
  • Using conditional formatting and Excel’s native date formulas to sensitize for different filing and emergence date scenarios.
  • Avoiding circular references in the model while maintaining model integrity.
  • Incorporating best practices for error-proofing, auditing, and model efficiency.
  • Understanding how Fresh Start Accounting affects the model.
Bonus Course: Demystifying Restructuring Investment Banking
  • For incoming restructuring bankers and current bankers looking to further their restructuring or distressed debt knowledge.
  • Restructuring IB process overview.
  • Learn the skills you'll need early in your IB career.
  • Walk through the analyses and modeling-related techniques used by early-career IB analysts and associates using a case-study.
  • Assumes little to no prior knowledge of restructuring.
Show More  Show Less 

Who is this Program For?

  • Restructuring Investment Banking Professionals
  • Distressed Debt Investors
  • FP&A and Corporate Finance
  • Turnaround Consultants & Advisors
  • Private Equity Professionals
  • Anyone interested in corporate restructuring

What's Included

67 Lessons
4h 42m

Understanding Corporate Restructuring

 67 Lessons  4h 42m

Using real case studies and a step-by-step approach, learners will be introduced to the central considerations and dynamics of both out-of-court and in-court restructuring, along with major terms, concepts, and common restructuring techniques. Learners will explore the various factors that lead to financial distress and how to impute asset values b ...

Using real case studies and a step-by-step approach, learners will be introduced to the central considerations and dynamics of both out-of-court and in-court restructuring, along with major terms, con ...

Using real case studies and a step-by-step approach, learners will be introduced to the central cons ...

View Course TOC
34 Lessons
5h 55m

Restructuring Modeling

 34 Lessons  5h 55m

Bonus Course: This course is designed to teach restructuring and bankruptcy modeling to students and professionals pursuing careers in restructuring, bankruptcy and distress. Using the Borders bankruptcy as our primary case study, we begin with an overview of the restructuring and bankruptcy framework. Then we will learn to build an advanced bankruptcy model from scratch, incorporating bankr ...

Bonus Course: This course is designed to teach restructuring and bankruptcy modeling to students and professionals pursuing careers in restructuring, bankruptcy and distress. Using the Bord ...

Bonus: This course is designed to teach restructuring and bankruptcy modeling to students an ...

View Course TOC
31 Lessons
3h 8m

Demystifying Restructuring Investment Banking for Incoming Analysts and Associates

 31 Lessons  3h 8m

Bonus Course: This course is designed for incoming restructuring bankers and current bankers looking to further their restructuring or distressed debt knowledge. It provides an in-depth overview of restructuring and identify the skills you'll need in the early days of your restructuring IB career. We begin by introducing the restructuring process as well as common pitchbook and financial ana ...

Bonus Course: This course is designed for incoming restructuring bankers and current bankers looking to further their restructuring or distressed debt knowledge. It provides an in-depth ove ...

Bonus: This course is designed for incoming restructuring bankers and current bankers lookin ...

View Course TOC

Course Samples

watch video
In-court Vs Out-of-court Restructuring, Part 1
watch video
Treatment Of Claims
watch video
Role Of Valuation In Restructuring
watch video
Determinants Of Priority
watch video
Liquidation Analysis
watch video
Estimated Recoveries

Get the Corporate Restructuring Certification

Trainees are eligible to take the WSP Corporate Restructuring Certification Exam for 24 months from the date of enrollment. Those who complete the exam and score above 80% will receive the certification. The exam is a challenging 2-hour online examination covering the most difficult concepts covered in the program.

Course Highlights

Used on the Street

This is the same comprehensive course our corporate clients use to prepare their analysts and associates.

Real Case Studies

This course uses actual financial filings to show how restructuring is done in the real world.

Taught by Bankers

Our instructors are former I-bankers who give lessons real-world context by connecting it to their experience on the desk.

Instructor Support

Have a question on course content? Communicate directly with instructors by asking questions throughout the course.

Earn CPE Credits with WSP Online Courses

Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
X

The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.