- fresh start
informal term for the new accounting rules applicable to bankrupt companies. For companies that either filed for Chapter 11 after January 1991 or emerged from Chapter 11 after June 1991, assets are valued at market value rather than at historical cost (Glossary of Common Bankruptcy Terms)The characterization of a debtor's status after bankruptcy, i.e., free of most debts. (Giving debtors a fresh start is one purpose of the Bankruptcy Code.) (BankruptcyAction.com)The rehabilitation of a debtor through the process of bankruptcy and the discharge of prepetition debt (SA-Bankruptcy.com)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
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Fresh Start — was a grouping within the British Conservative Party opposed to the Maastricht Treaty. It was founded by Michael Spicer and its members included Bill Cash, James Cran, Christopher Gill and Roger Knapman. In the mid 1990s over fifty Conservative… … Wikipedia
fresh start — index continuation (resumption) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
fresh start — noun A new beginning, without prejudices. After the past disputes between the two countries, both sides decided to make a fresh start by agreeing to trade with each other again. Syn: clean slate … Wiktionary
fresh start — See a fresh start … English idioms
fresh start — Synonyms and related words: A, alpha, another shot, another try, beginning, blast off, commencement, creation, cutting edge, dawn, edge, establishment, flying start, foundation, institution, jump off, kick off, leading edge, new beginning, new… … Moby Thesaurus
fresh start — n. clean slate, new beginning, chance to start over without prejudice … English contemporary dictionary
fresh start — noun an opportunity to start over without prejudice • Syn: ↑clean slate, ↑tabula rasa • Hypernyms: ↑opportunity, ↑chance … Useful english dictionary
Fresh Start (detergent) — Fresh Start was the first powdered detergent to come in a plastic bottle. It was also one the first detergents to be highly concentrated, before all detergents went concentrated.Fresh Start is a product of the Colgate Palmolive company and was… … Wikipedia
fresh start adjustment — For persons dying after 1976, normally the decedent s income tax basis in property will carry over to the estate of heirs. The fresh start adjustment, however, permits an addition to basis for the appreciation attributable to the period from the… … Black's law dictionary
Fresh-Start-Methode — Fair Value Pooling, Mutual Purchase, New Basis Accounting; Methode der ⇡ Kapitalkonsolidierung zur bilanziellen Abbildung von ⇡ Unternehmenszusammenschlüssen im ⇡ Konzernabschluss. Aufbauend auf einem Diskussionspapier der G4+1 Gruppe… … Lexikon der Economics