What disclosures are required by the debtor in a troubled

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Reference no: EM13340541

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"?

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?

7. What is the definition of a Troubled Debt Restructuring?

Reference no: EM13340541

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