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Crowe Horwath offers a new suite of services for companies filing for Chapter 11
Fresh Start Accounting offers comprehensive services with one point of client contact OAK BROOK, Ill. (Sept. 2, 2009) – Economic conditions during the past year have forced an increasing number of companies to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code. In fact, for the year ended June 30, 2009, business bankruptcy filings were up 62 percent compared to the prior year, according to the Administrative Office of the U.S. Courts. To help companies navigate through the complex reorganization process, Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has introduced a new suite of financial advisory services called Fresh Start Accounting. “When a company uses Fresh Start Accounting, timelines are tight. There is little room for error, and an ineffective plan can create liability risks,” said Mary Ann Travers, a partner in Crowe’s audit and financial advisory group. “Crowe’s ‘fresh start’ goal is to help companies deal with the pressures of filing for bankruptcy protection and ultimately emerge from the process successfully. By combining services we already offer with our years of experience in the financial advisory field, Crowe has developed a one-stop shopping program for companies dealing with the stress of bankruptcy.” Travers added that each client who uses Crowe’s Fresh Start Accounting services will have a single point of contact at the partner level to help manage these technical areas. “A single contact from Crowe will guide company leaders through the complex process to minimize both risk and business interruptions,” she said. Crowe’s Fresh Start Accounting services include: For more information about Crowe’s Fresh Start Accounting services, please visit: http://www.crowehorwath.com/Crowe/ServicesProvided/ About Crowe Horwath # # #
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