What is Fresh-Start Accounting?

Business Finance Editor-in-chief Jack Sweeney hosts a discussion exploring the precepts of fresh-start accounting. Hear experts from Deloitte Financial Advisory Services answer such questions as Are all companies emerging from bankruptcy required to adopt fresh start? How does a Company qualify for fresh-start accounting? Is the process of assessing whether a company qualifies for fresh-start relatively straight forward? Does fresh start accounting apply to private companies as well as public companies?