PPC's Guide to Troubled Businesses and Bankruptcies

Helping your business clients when they are going through severe financial trouble can be overwhelming. PPC's Guide to Troubled Businesses and Bankruptcies provides detailed, practical guidance on rehabilitating troubled companies. And when rehabilitation is not possible, it also provides guidance on making the necessary decisions about bankruptcy, including both Chapter 7 liquidations and Chapter 11 reorganizations. This Guide walks you step-by-step through the bankruptcy requirements, especially in the timing deadlines and reporting process.

PPC's Guide to Troubled Businesses and Bankruptcies includes guidance on:

• Identifying the troubled company
• Implementing corrective actions
• Assessing tax considerations
• Rehabilitating a troubled company outside of court
• Understanding the advantages and disadvantages of going through bankruptcy
• Providing accounting, valuation, fraud investigation, and expert witness services in a bankruptcy proceeding
• Meeting the unique requirements of compensation

This is not a theoretical discussion of companies in trouble or in bankruptcy - it's a how-to book that will help you increase your profits.

Economic and financial changes have affected the financial health of many American businesses and resulted in an increase in the number of business failures and bankruptcies. In addition, businesses, particularly small ones, have always faced problems that threaten their survival, such as inadequate startup capital, inadequate management, etc.

PPC’s Guide to Troubled Businesses and Bankruptcies provides guidance to CPAs in providing a wide range of services to financially troubled and bankrupt small, privately held companies. The guide provides guidance on:

In addition, guidance on providing CPA services to a company that has decided to file for bankruptcy, including services related to prepetition planning; preparing the bankruptcy petition and related forms and schedules; communicating with employees, creditors, and others; identifying, classifying, scheduling, and reconciling claims; and preparing monthly operating reports for the court and financial information for a Chapter 11 plan of reorganization and disclosure statement.

Includes guidance on other services a CPA may be engaged to provide in a bankruptcy proceeding: