A far-reaching guide to bankruptcy alternatives, administration, and recovery Corporate Bankruptcy discusses the provisions of the Bankruptcy Code and how it affects corporations that are considering filing for bankruptcy protection. Providing financial managers an overview of the steps involved in declaring corporate bankruptcy, this comprehensive guide also explores alternatives to bankruptcy, Chapter 11 reorganization, recovery of property, business valuation, and finance and accounting issues. Grant Newton, CPA, CIRA, CMA (Medford, OR), is a Professor of Accounting at theGraziadio School of Business and Management, Pepperdine University.The tax implications of bankruptcy and insolvency affect the debtor, the creditor and the bankruptcy estate's trustee. This book discusses the provision of the US Bankruptcy Code and how it affects corporations that considering filing for bankruptcy protection.