Severance Pay FICA Tax Treatment May Change
October 30th, 2012
October 2012 In a decision having significant impact, the Sixth Circuit ruled that payments to employees as part of a severance program are not subject [...]
Bankruptcy and Restructuring Articles
New Caution Warranted When Selling To Entities In Bankruptcy
April 16th, 2010
April 2010 Most businesses assume that payments they receive from an entity in bankruptcy for post-petition transactions can be kept. A new bankruptcy case instructs [...]
Congressmen Harass Companies For Attempting To Comply With Health Care Law Changes
April 16th, 2010
April 2010 The Patient Protection and Affordable Care Act eliminates a previous tax benefit for retiree drug benefits. Promptly after passage, a number of corporations [...]
Two Recent Bankruptcy Cases Threaten Secured Lenders’ Position
October 14th, 2009
October 2009 The Third Circuit expanded the definition of an “insider” to include a creditor with a “close relationship” to a debtor. Because the [...]
Financial Experts Improve Bankruptcy Litigation Results
September 14th, 2009
September 2009 Chapter 11 is more about negotiation than litigation. For this reason, many bankruptcy lawyers decline to spend resources gathering support for their [...]
A Graphical Explanation Of The Financial Restructuring Process
April 19th, 2009
April 2009 Troubled company restructurings are complex endeavors. To be successful, a company must fix both the challenges that caused the problem in the first [...]
Sharia Law Will Likely Be A Creditor Disaster In The Dubai Restructuring
December 18th, 2008
December 2009 At the end of November, Dubai announced that it would seek a six-month postponement of debt repayments, the earliest of which is due [...]
Home Equity Lines Of Credit May Be Dischargeable Even When Borrower Lies
June 16th, 2008
June 2008 Last week, Judge Leslie Tchaikovsky, a bankruptcy judge in the Northern District of California (National City Bank v. Hill, United States Bankruptcy Court, [...]