Todd Hatcher, a partner in the Transactional Tax Planning practice, will speak at the “Tax Issues in Debt Restructuring and Workouts in Difficult Times Tech Session Teleconference” at 9:00 a.m. (ET) on Thursday, June 11. He will discuss the increasing necessity of debt restructuring and workout transactions as economic pressure intensifies on borrowers. These transactions may have significant federal income tax implications, including cancellation of indebtedness income (CODI) that may exacerbate the financial distress of the borrower. Participants should also consider potential gain/loss recognition, new or increased OID, fungibility and other issues. The learning objectives of the program include:

  • Debt Workouts
  • Cancellation of Indebtedness Income
  • Application to Insolvent Partnerships
  • Buying Portfolio Debt at a Discount

For more information, click here.