Fresh Start Accounting – Diversified Industrial Products Company
Duff & Phelps was engaged by a client that was reorganizing under Chapter 11 of the U.S. Bankruptcy Code and required assistance with Fresh Start Accounting.
Duff & Phelps assembled a team of industry experts matching the company’s diverse operations in the automotive, defense, pharmaceutical, and mining sectors, to ensure the proper valuation of the tangible and intangible assets. The results of our analysis formed the basis for restating the assets and liabilities of the company to their Fair Values.
In addition to the complete satisfaction of the client with our Fresh Start Accounting services, Duff & Phelps’ professionals identified and assisted the company in realizing significant property tax savings.
The Duff & Phelps Difference
Duff & Phelps’ holistic approach and understanding of the unique requirements of each project leads to collaborative, focused engagements that often result in the identification of incremental benefits/ savings for our clients.