The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which was signed into law in April 2005, is the biggest rewrite of the Bankruptcy Code since it was enacted in 1978. The new Act made important changes in small business bankruptcy requirements, especially in the timing deadlines and reporting process.

This Guide includes discussions of the new requirements and updated practice aids to help you provide effective, accurate services to your clients considering bankruptcy or actually making the bankruptcy filing. It also includes guidance on identifying the troubled company; implementing corrective actions; assessing tax considerations; rehabilitating a troubled company outside of court; providing accounting, valuation, fraud investigation, and expert witness services in a bankruptcy proceeding; and meeting the unique requirements of compensation. This is not a theoretical discussion of companies in trouble or in bankruptcy—it’s a how-to book that will help you increase your profits.