Accounting Tools

AUGUST 8, 2023

Under the federal bankruptcy code, Chapter 7 addresses the complete liquidation of a debtor's assets, while Chapter 11 deals with the reorganization of the debtor business. Related Articles Chapter 7 Chapter 11 Liquidation Reorganization Workout Arrangement Voluntary Bankruptcy

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Tax 75

Accounting Tools

JUNE 10, 2023

Related Courses GAAP Guidebook What is a Quasi-Reorganization? A quasi-reorganization is an accounting process under which a business can eliminate a retained earnings deficit. A quasi-reorganization is only allowed in a few situations, and where the shareholders agree to the restatement.

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Accounting Accounting 40

Accounting Tools

DECEMBER 12, 2023

Related AccountingTools Course Corporate Bankruptcy Related Articles Creditors’ Committee Debtor in Possession Financial Distress Reorganization Voluntary Bankruptcy Workout Arrangement Assessable capital stock was issued primarily in the 1800s and partway into the next century, but has since been phased out.

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Accounting Tools

AUGUST 28, 2023

The IRS acquisition models that can be used to defer income taxes are called Type A, B, C, or D reorganizations (we will refer to them as acquisition types, rather than reorganization types). Related Articles Triangular Merger Types of Mergers The IRS requirements for these acquisition structures are described next.

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Accounting Tools

OCTOBER 7, 2023

Related Articles First Day Motions Reorganization Statement of Affairs Workout Arrangement When a creditors’ committee wants to obtain outside advice, it can employ appraisers, accountants, attorneys and so forth to provide assistance. The fees incurred for these services are paid from the debtor’s assets , not by the creditors.

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Collections Tax Accounting Accounting 40

Accounting Tools

NOVEMBER 4, 2023

Given the risk profile of an income bond, it is usually only issued by companies having significant financial difficulties (usually in bankruptcy reorganization), and it is bought by investors with a high tolerance for risk. Related Articles Deferred Interest Bond Discount Bond Municipal Bond Types of Bonds

Corporate Finance 40

Corporate Finance 40

Accounting Tools

MARCH 28, 2024

Related Articles Foreclosure Reorganization Workout Arrangement This may also mean that there is not enough cash left to even pay creditors. If so, the secured creditors are paid first, and a reduced payout plan is used to pay any remaining funds to the unsecured creditors.

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