Articles

Results 1 to 5 of 55


“Tax Attributes” That Protect From Income Taxes as “Property”

USA - November 13 2020 Many small businesses are structured as pass-through entities for federal income tax purposes. Well known examples include partnerships, limited…

PPP Loan Forgiveness Should Not Cause Discharge of Indebtedness Income or Generate a Form 1099-C

USA - November 3 2020 Bankers participating in the Paycheck Protection Program (PPP) must be aware of their reporting obligations to the Internal Revenue Service and…

Security Interests for Sellers of Goods and Services and the Value of an Unperfected Security Interest

USA - July 1 2020 Many of our clients who provide goods or services on credit have a form sales contract that includes the grant of a UCC Article 9 security interest…

Bankruptcy Courts Helping Individuals, Despite the Statute?

USA - June 30 2020 Two recent bankruptcy court cases remind counsel of the great importance of knowing the proclivities of the presiding panel of judges who will hear…

COVID-19 Caused Bankruptcies: A Focus On “Personal” Debt

USA - May 12 2020 Americans are in an unemployment crisis due to COVID-19 business closings, and many are accruing debt in order to maintain their basic lives - unpaid…