Bankruptcies and liquidations
The Bankruptcies and liquidations guide focuses on Chapter 7 and Chapter 11 bankruptcies and the liquidation basis of accounting.
This guide was partially updated in September 2019.
This Bankruptcies and liquidations guide provides an overview of the bankruptcy process and the significant accounting matters that a reporting entity that is considering - or has filed for - bankruptcy could face. It is designed to assist those interested in a high-level understanding of the process and the related key accounting considerations.
Key topics include:
An introduction to bankruptcy proceedings
Accounting and reporting prior to entering bankruptcy
Accounting and reporting during bankruptcy
Emerging from bankruptcy
Alternatives to reorganization
Liquidation basis of accounting
Common disclosures for entities in bankruptcy or liquidation
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Bankruptcies and liquidations
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