While applying the bankruptcy-specific guidance found in ASC 852-10, the impairment guidance under ASC 350, Intangibles—Goodwill and Other, should still be considered for goodwill and indefinite-lived intangible assets. It is generally not appropriate to impair intangible assets, including goodwill, on the date that a reporting entity files for Chapter 11, unless the application of the relevant accounting guidance results in an impairment charge. That is, recognition and measurement of an impairment loss for these assets would depend on the facts and circumstances of each reporting entity and would follow the same guidance used by entities not in bankruptcy. However, as discussed in BLG 2.2.1 with respect to goodwill and BLG 2.2.2 with respect to indefinite-lived intangible assets, prior to filing for bankruptcy, the reporting entity should carefully consider whether a triggering event for impairment testing has occurred. In addition, the bankruptcy filing usually warrants additional consideration of whether a need for impairment testing has been triggered.