Tax Consideration for Chapter 11 Bankruptcy Proceeding | Best Practices for Corporate Executives
When restructuring, corporate executives often take the approach of cutting costs across the company instead of identifying corporate strengths. Even when executives do restructure in a smart way, often important tax implications are overlooked.
If there are two enduring certainties for companies, they are restructuring and taxes. And although reorganizations and restructurings are a fact of corporate life, the tax implications of those decisions are often ignored or rendered an afterthought. And that can be a costly mistake.
Most structural changes will have tax implications. Thoughtful planning, however, can help corporate leaders convert tax liabilities into enhanced assets and reorganization returns.
In this webinar, ShareVault invited Christopher Howe and Brian Pedersen of Alvarez & Marsal Taxand, and William A. Curran of Davis Polk, to delve into the tax implications for corporate restructurings and spinouts.
During the webinar the panel of experts addressed:
How Chapter 11 bankruptcy affects tax attribute (e.g., NOL, NUBIL) availability post-emergence
The priority tax claims have in bankruptcy proceedings
How the bankruptcy proceedings can be used to negotiate tax claims; specifically in the state and local jurisdictions
Latest trends and structures in the marketplace