THE VALUATION OF INTERNAL SOFTWARE LIKE INTANGIBLE ASSETS IN A JUDICIAL LIQUIDATION PROCESS

In the context of a judicial liquidation process, the bankruptcy judge will have a big challenge when valuing internal software not recognized as assets in accounting due to their non-identifiability and non-separability. Additionally, when requested to continue acts to preserving to maintain their value for eventual business rescue. This study will analyze the possibility to recognize the internal software like intangible assets in the context of a judicial liquidation process. The study will try to identify if the accounting definition of intangible assets keeps relation with the judicial liquidation process goals. Therefore, throughout the research, the reader will become aware of the various divergences between accounting and legal interpretations, particularly regarding the recognition of intangible assets within the debtor's assets. This will be important in terms of their preservation as a productive unit and when considering a business rescue.