What occurs in the accounting records for fresh start accounting when a bank agrees to accept less than the debtor's book value of a note payable?

Name: What occurs in the accounting records for fresh start accounting when a bank agrees to accept less than the debtor's book value of a note payable?
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The Answer of What occurs in the accounting records for fresh start accounting when a bank agrees to accept less than the debtor's book value of a note payable?

What Occurs in the Accounting Records for Fresh Start Accounting