Chapter 11 Bankruptcy and Tax Reform: Implications for Reorganized Debtors and 363 Asset Purchasers
Expensing Newly Acquired Assets, Deducting Interest Expense, Utilizing NOL Carryforwards, and More
This program is cancelled
A live 90-minute CLE/CPE webinar with interactive Q&A
This CLE/CPE webinar will examine federal tax considerations in Chapter 11 reorganizations, with particular focus on the ways in which tax reform will affect debtors, creditors and Section 363 purchasers. Panel discussion will include factors to consider to preserve the ability of the reorganized entity to service post-reorganization debt, new tax ramifications for 363 sales, and tax elections to consider in order to achieve the best tax results.
- Overview of Federal Income Taxation in Chapter 11 Reorganizations
- Cancellation of Debt Income (CODI)
- Offsets Under the IRC
- Newly acquired assets - Section 363 sales
- Impact of tax reform
- Financial and tax projections/modeling
The panel will review these and other critical issues:
- Why is tax planning a crucial step in formulating a reorganization plan?
- What changes under the Tax Act should be of most concern to reorganized debtors and 363 purchasers?
- How is CODI calculated, and how will those calculations change under the Tax Act?
- How can financial modeling be used to forecast after-tax flow after a debtor emerges from bankruptcy? Which variables will be impacted by the Tax Act?
Rich D. Liebman
Managing Director, Transaction Tax Services
Mr. Liebman is a managing director in Grant Thornton’s Transaction Tax Services practice in Chicago. With over 30... | Read More
Mr. Liebman is a managing director in Grant Thornton’s Transaction Tax Services practice in Chicago. With over 30 years of experience, he has provided tax structuring and due diligence services to many private equity firms and strategic buyers. The deals Mr. Liebman has worked on range in size from $10 million acquisitions of privately held companies to $1 billion public company transactions. In addition to his transaction work, he has significant experience in several specialized tax areas, including consolidated federal income tax returns, net operating loss limitations and bankruptcy tax. Mr. Liebman's bankruptcy tax experience includes companies and consolidated return groups in the hospitality, medical products, retail and manufacturing industries, including the global bankruptcy of a multibillion-dollar auto industry original equipment manufacturing group. He joined Grant Thornton after a decades-long career at a Big Four accounting firm.Close
to be announced.