There is good reason many large companies utilize Chapter 11 as a restructuring tool. Chapter 11 bankruptcy affords companies and individuals to restructure their debt and regain their financial footing. A Chapter 11 bankruptcy also presents significant employment opportunities for CPAs, in addition to ordinary accounting services. Consider the following scenario.
Engelman Berger, PC > EB News > Lawyers > Back From The Brink – The CPA’s Role in Chapter 11 Bankruptcy Reorganizations