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Results: 1-10 of 142

The valuation process for LIHTC projects in financial distress: part I

  • Thompson Coburn LLP
  • -
  • USA
  • -
  • January 12 2015

This post is part of a continuing series on the Credit Report Blog on the subject of workouts and bankruptcies involving low-income housing tax

When a tax return is not a tax return: Tenth Circuit holds tax liability not subject to discharge in bankruptcy where tax return was filed untimely

  • Stinson Leonard Street LLP
  • -
  • USA
  • -
  • January 13 2015

In a case of first impression, the Tenth Circuit Court of Appeals held a tax return that is filed after the April 15 deadline is not a “return”

Energy Future Holdings bidding procedures fight highlights conflicts among affiliated debtors

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • December 12 2014

Energy Future Holdings (EFH), fka TXU Corp., an energy company centered in Texas, was taken private in 2007 in the largest leveraged buyout

Reorganization plan qualifies for bankruptcy exception to NOL limitation rules

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • April 30 2013

In another recent private letter ruling, the IRS ruled that an ownership change pursuant to a bankruptcy reorganization plan qualified for an

Delinquent property tax collection: foreclosure may be vulnerable

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • September 25 2012

Wisconsin has a strict tax foreclosure procedure in which the tax authority effectively obtains the property without any public or competitive bidding in satisfaction of the delinquent tax bill

What are the unique dynamics of a low-income housing tax credit workout?

  • Thompson Coburn LLP
  • -
  • USA
  • -
  • December 2 2014

This post is part of a continuing series on the Credit Report Blog on the subject of workouts and bankruptcies involving low-income housing tax

Tax sharing agreements in bankruptcy a tale of two jurisdictions

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • USA
  • -
  • August 28 2013

Often times, tax planning can be an important part of assessing an estate's available assets and preserving the value of such assets for the benefit

Escaping taxes in bankruptcy through S corporations

  • Greenberg Glusker Fields Claman & Machtinger LLP
  • -
  • USA
  • -
  • September 29 2014

Shareholders of financially troubled S corporations may now be able to avoid the flow-through of taxes when the S corporation or its subsidiary files

In re: Restivo Auto Body, Inc. - 4th Circuit rules executed but unrecorded security interest has priority over IRS tax lien

  • McGuireWoods LLP
  • -
  • USA
  • -
  • November 21 2014

On October 31, 2014, the U.S. Court of Appeals for the 4th Circuit interpreted Maryland law in ruling that a bank's security interest in a Chapter 11

Lenders should consider suggesting bankruptcy to borrowers following the sale of delinquent taxes on a principal residence

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • January 31 2014

The Seventh Circuit Court of Appeals recently held that a plan under chapter 13 of the Bankruptcy Code can modify the rights of a purchaser of