Renegotiating debt? Beware of tax traps
By Steven W. Swibel
Commercial Banking, Collections, and Bankruptcy,
August 2009
In a non-bankruptcy, noninsolvency context, debtors and creditors are often surprised that a debt modification that does not appear to reduce principal or the effective interest rate may nevertheless result in adverse tax consequences.
Renegotiating debt? Tax traps for creditors
By Steven W. Swibel
Corporate Law Departments,
June 2009
Tax consequences of debt modification are not only a debtor’s concern. Creditors are often surprised that debt modification can result in unanticipated adverse tax consequences.
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