For this month’s free video lesson from Wiley CPAexcel, we’re once again tackling a common REG topic — this time with a thorough introduction to bankruptcy.
In just under 15 minutes, Prof. Marianne Jennings of Arizona State University provides a concise introduction to a common REG topic: Bankruptcy.
This lesson covers pre-bankruptcy options for creditors and walks you through the various types of bankruptcies, their components, and who is eligible for each. Prof Jennings also offers a great overview of what’s involved in creditor agreements and discusses a debtor’s rights in the bankruptcy process.
This is a great primer to a broad and important topic that will be tested heavily on the REG section of the CPA Exam, so pay close attention.
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