On February 18, 2009, BearingPoint filed a Chapter 11 restructuring plan with the U.S. Bankruptcy Court for the Southern District of New York.

On March 23, 2009 BearingPoint announced an update to its reorganization plan involving the planned sale of substantially all of its businesses to a number of parties. On this page, you will find a variety of resources regarding BearingPoint's business transition.

Public Services - On May 8, 2009 BearingPoint closed the sale of  substantially most of its North American Public Services business to Deloitte LLP. Under the terms of the transaction, Deloitte acquired the majority of the Public Services unit for $350 million.

Commercial Services - On June 15, 2009 BearingPoint completed the sale of a significant portion of its North American Commercial Services business to PricewaterhouseCoopers (PwC) for approximately $44 million. 

EMEA – On August 31, 2009, BearingPoint completed the sale of the Company’s Europe, Middle East and Africa (EMEA) practice to the European management team. 

Global Practices - During 2009, substantially all of BearingPoint’s other global practices were sold.  The sale of Japan was completed to PricewaterhouseCoopers in June. Perot Systems acquired the BearingPoint China practice, and Australia continues to do business as BearingPoint Pty Ltd following the purchase of the practice by the existing management team.

On December 31, 2009, the BearingPoint Inc. Liquidating Trust was established with the sole purpose of liquidating, and distributing all remaining assets of BearingPoint Inc.  John DeGroote Services LLC is the Liquidating Trustee of the BearingPoint Inc. Liquidating Trust.

Please see the Press Releases available for additional information.