Handbook: Accounting for bankruptcies
HANDBOOKS | JUNE 2025
Latest edition: Our in-depth guide provides interpretive guidance for before, during and after Chapter 11 bankruptcy.
We address the key accounting and financial reporting issues facing companies moving through the various stages of Chapter 11 – with Q&As, examples and interpretive guidance.
Applicability
- All companies contemplating Chapter 11 bankruptcy, in Chapter 11 bankruptcy, or emerging from Chapter 11 bankruptcy
Relevant dates
- Effective immediately
Key impacts
ASC 852-10 provides specific accounting and financial statement presentation requirements for entities in Chapter 11 bankruptcy. These requirements bring their own challenges, and in some cases, it may be difficult to understand how the guidance intersects with the broad US GAAP requirements that continue to apply to entities in Chapter 11 bankruptcy.
We address some of the key accounting and presentation issues facing companies moving through the various stages of Chapter 11 bankruptcy: as they approach a bankruptcy filing, once they are in bankruptcy, and as they emerge from bankruptcy.
Report contents
- Overview of bankruptcy
- Before bankruptcy
- During Chapter 11 bankruptcy
- Emerging from Chapter 11 bankruptcy
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Accounting for bankruptcies
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Latest edition: Our in-depth guide to ASC 205-20 and held-for-sale disposal groups under ASC 360-10.
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