With the rise in the number of mergers and acquisitions taking place in today's business environment, there will undoubtedly be a rise in the number of bankruptcies. Completely updated, Bankruptcy and Insolvency Accounting, Seventh Edition, Volume 2
updates the most recent forms and exhibits as a result of the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). The process of turning around a troubled business and restructuring its financial aspects is thoroughly described for controllers, CEOs, CFOs and CPAs with small businesses as clients.
Keywords: insolvency, Grant Newton, Association of Insolvency and Restructuring Advisors, AIRA, SOP 90-7, reorganization items, reorganization value, fresh-start, fresh-start reporting, retention of financial advisor, valuation of a business in bankruptcy, CSSR 2003-01, valuation in bankruptcy, causes of business failure, Certified Insolvency and Restructuring Advisors, CIRA