# ASC 470-60-05: Debt — Troubled Debt Restructurings by Debtors — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/60/#05-overview-and-background)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T00:33:13.451Z to 2026-09-10T00:33:13.451Z

Record version: sha256:9c783385f45d1854acb73e25e9849ae7bce1ebae382cbf86fc8c001dd5f857e0

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 470-60-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/470/60/#05-overview-and-background)

SEC content: no

##### [470-60-05-1](https://asc.understandingaccounting.org/asc/470/60/#470-60-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:33:13.451Z to 2026-09-10T00:33:13.451Z

Record version: sha256:4924efcfbb8d23dd3be7f57ce767e8481fddc2c0012fc57cf123df00a48fc561

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic addresses measurement, derecognition, disclosure, and implementation guidance issues concerning [troubled debt restructurings](https://asc.understandingaccounting.org/glossary/t/#troubled-debt-restructuring "A restructuring of a debt constitutes a troubled debt restructuring if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider.") focused on the debtor's records.