Fresh Start Accounting – Multinational Industrial Products Company
As part of its plan to emerge from bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, a multi-national Industrial Products company engaged Duff & Phelps to provide Fresh Start Accounting related valuation services.
Duff & Phelps deployed a team of professionals with the relevant industry knowledge and complementary skill set to value the tangible and intangible assets of 6 primary business segments, located across 219 facilities in more than 36 countries.
The restated balance sheet of the company (to Fair Value), upon its emergence from bankruptcy, was not challenged by the bankruptcy court, its independent auditors, or the SEC. Our analysis was presented in a comprehensive report describing the valuation process/methodologies, the basis for our conclusions, and supporting exhibits containing calculations leading to our valuation conclusions.
The Duff & Phelps Difference
Our team provided seamless solutions to the company during its emergence, a process that spanned over four years. The final work product reflects the unique combination of our technical valuation skills, industry expertise, and familiarity with managing complex, large scale projects.