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Pillsbury | USA | 20 Apr 2009

Bankruptcy considerations: look before you leap

As if buying distressed debt is not challenging enough given the underlying business considerations, the possible, and perhaps likely, bankruptcy filing of your soon-to-be borrower presents a maze of issues the note purchaser should consider before acquiring the debt.


Pillsbury | USA | 5 Nov 2007

IRS extends 409A transition relief and provides guidance on 2007 reporting and withholding of 409A income

The Internal Revenue Service (IRS) recently announced that it has again extended the transition relief applicable to nonqualified deferred compensation plans (NQDC plans) under Section 409A of the Internal Revenue Code of 1986, as amended (Section 409A).

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