Filing for bankruptcy is a serious and involved process with many legal and tax issues. Bankruptcy is litigation. The Bankruptcy Court is a court of equity, and many times, the CPA is called upon to testify and resolve disputes fairly and justly. In some cases, the State Court is involved. NP Accounting Solutions has assisted both debtors and creditors with the complex issues arising from a bankruptcy filing working with your attorney towards an equitable outcome.
NP Accounting Solutions has assisted the court, trustees, and attorneys with matters involving avoidable liability and transactions, involuntary petitions, reclamation, and disputed claims, lender liability, protection and relief from stay issues, preparation of prepackaged plans of reorganization, as court-appointed receiver of the business, and with preparation of monthly operating reports.
The skill sets of the Valuation & Advisory Group are well suited to provide these services, as we possess valuation skills, forensic accounting, and general business skills.