Distressed companies facing bankruptcy require a highly qualified, experienced and trusted adviser who can guide them through a complex process.
When addressing specific client needs, Duff & Phelps' professionals provide flexible responsiveness, combining industry and subject matter expertise with a thorough understanding of bankruptcy matters. Duff & Phelps assists companies in confronting key issues prior to bankruptcy, post-bankruptcy or at the time of the transaction.
Bankruptcy Litigation services include:
- Fraudulent conveyance
- Preference actions
- Retrospective solvency opinions
- Assessing capital structure
- Valuation of assets and business enterprise
- Evaluation of complex financial instruments
n April 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2011-03 Transfers and Servicing (Topic 860), Reconsideration of Effective Control for Repurchase Agreements (the "Update"). ASU 2011-03 amends FASB Accounting Standards Codification Topic 860, specifically the criteria required to determine whether a repurchase agreement (repo) and similar agreements should be accounted for as sales of financial assets or secured borrowings with commitments.