Fresh start accounting allows a business to present its assets, liabilities, and equity as a “new entity” when the company emerges from Chapter 11 bankruptcy protection. Working within your reorganization plan, Great American’s team of advisory and valuation professionals examine every detail to determine appropriate accounting. We revalue assets and liabilities, uncover any disclosures that may need to be made, and assess the effect of creditor recoveries to ensure your assets receive a “fresh start”.
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