NEW YORK, NY--(Marketwire - October 19, 2009) -
John Bonora CPA/ABV, CFE, director in Marks
Paneth & Shron's
Litigation and Corporate Financial Advisory
Services Group, has published an article in the July/August 2009
issue of
ABI Journal
that details the requirements for Fresh-start Reporting and the intricacies
of the reporting process.
The prolonged economic downturn has brought about a surge in bankruptcies.
While bankruptcy is a significant challenge in the life of any business, it
also represents an opportunity to take a structured path toward improved
financial health and to emerge as a sound organization going forward.
Fresh-start reporting allows a company that meets the criteria to
effectively clear its books and establish itself as a new entity with a
clean balance sheet.
In the article, Mr. Bonora describes:
- The central role of fair-value accounting in arriving at a fresh-start
valuation.
- The many closely timed steps required to establish fair value for the
emerging entity.
The full text of the article can be found at:
http://markspaneth.com/Publications_Detail.php?ID=568&Hash=565b81968028183d0a69e0f8d0b9b70281d8b84f
To speak with John Bonora or another member of the MP&S Litigation and
Corporate Financial Services Group, please contact Adria Greenberg at
212.255.8386 or via email at
adria@sommerfield.com.
About MP&S
Marks Paneth & Shron LLP
(MP&S) is an accounting firm with nearly 500 people, approximately
70 of whom are partners and principals. The firm provides businesses with a
full range of auditing, accounting, tax, restructuring and bankruptcy
services as well as litigation and corporate financial advisory services to
domestic and international clients. The firm also specializes in providing
tax advisory and consulting for high net worth individuals and their
families, as well as a wide range of services for international, real
estate, media, entertainment, nonprofit, professional and financial
services and energy clients. For more information please visit
http://www.markspaneth.com/.
Contact Information: Contact:
Adria Greenberg
Sommerfield Communications, Inc.
212-255-8386
adria@sommerfield.com