The Basis for Your Decisions

Fresh Start Accounting

When a company emerges from Chapter 11 bankruptcy proceedings, it is required to restate all of its assets at fair value. Bond & Pecaro has assisted many companies by performing asset appraisals on the companies’ assets in order to comply with the Fresh Start Accounting regulations. The asset appraisal report provides the newly-reorganized company with a basis for establishing the value of the tangible and intangible assets and liabilites of the company. The new basis established for each of the assets and liabilities provides an accurate foundation for the company’s books as they emerge from bankruptcy proceedings.