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What disclosures are required by the Debtor in a Troubled Debt Restructuring

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Answer the questions in your own words in a few sentences.;1. What disclosures are required by the Debtor in a Troubled Debt Restructuring?;2. What accounting is required if the Creditor repossesses or forecloses on the Debtor?s property to help satisfy the outstanding debt?;3. How do we know if a Debtor is ?experiencing financial difficulties?? (Troubled Debt Restructuring);4. Do the accounting practices by the Debtor in a Trouble Debt Restructuring apply if the Debtor is in Bankruptcy?;5. A Debtor may be having financial difficulties and enter into a particular transaction with the Creditor to alleviate its debt burdens. However, these transactions do no qualify as a Trouble Debt Restructuring. What types of transactions between a Debtor and Creditor are not considered to be Debt Restructuring?;6. What is the definition of ?Fair Value? when it is used in a Troubled Debt Restructuring?

 

Paper#23990 | Written in 18-Jul-2015

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