New Arrival Tax Planning for Troubled Corporations (2024)

Tax Planning for Troubled Corporations (2024)

Author: Gordon D. Henderson JD; Stuart J. Goldring
Publisher: CCH U.S.
ISBN: 9780808058885
Published In: January 2024
Format: Paperback , 1090 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Tax Planning for Troubled Corporations, by noted tax attorneys Gordon D. Henderson and Stuart J. Goldring, deals with the problems of financially distressed corporations and their creditors and shareholders from the early warning time when their cash flow becomes insufficient to service their debt, through the problems and opportunities arising from the need to modify their debt, to the later potential need to exchange their debt for equity, and to the ultimate potential consideration of the need to seek the protection of the bankruptcy courts. In the course of its analysis the book discusses recapitalizations, two-company combinations and acquisitions, utilizing tax losses, consolidated return problems, bankruptcy aspects of federal tax procedure, and state and local tax aspects of bankruptcy.
1. Developing a strategy for a failing company
2. Bankruptcy versus nonbankruptcy restructuring
3. Deductions and accrual of Interest
4. Debt modification
5. One-company Equity-for-Debt re-capitalization
6. Two-company reorganizations involving a failing company
7. Utilizing tax losses
8. Special Problems of multi-company debtor groups
9. Liquidating trusts, escrow, and the like
10. Bankruptcy aspects of federal tax Procedure
11. State and Local tax aspects of Bankruptcy
12. Liquidating bankruptcies
13. Deductibility of expenses during Bankruptcy
Gordon D. Henderson has been a partner, and is now of counsel, in the law firm of Weil, Gotshal & Manges LLP in New York City. He received his A.B. degree magna cum laude from Harvard College in 1951, where he was elected to Phi Beta Kappa, and his J.D. degree magna cum laude from Harvard Law School in 1957, where he was an editor of the Harvard Law Review. He has had extensive experience in major bankruptcy cases extending over 25 years. He has Chaired the Tax Section of the New York State Bar Association, the Committee on Corporation Law of the Association of the Bar of the City of New York, and the Policy Advisory Group for the New York Joint Legislative Commission to Study the New York State Tax Laws. He has been a member of the New York City Tax Study Commission.

He has been a visiting lecturer on corporation tax law at Yale Law School and has been a frequent speaker at tax institutes and a writer of numerous articles on tax subjects. He served as Special Counsel to the SEC and Associate Director of one of its divisions during the Kennedy Administration. He has also been a member of the Little, Brown Tax Practice Advisory Board.

Stuart J. Goldring is a partner in the law firm of Weil, Gotshal & Manges LLP in New York City. He received a bachelor’s in Business Administration degree with high distinction from the University of Michigan in 1979 and graduated magna cum laude from the University of Michigan Law School in 1982, where he was elected to the Order of the Coif. He also received an LL.M. in Taxation from the New York University School of Law, where he was a Graduate Editor of the Tax Law Review. He has extensive experience in advising debtors, creditors, and potential acquirers and investors in troubled companies, spanning over 25 years.

He serves on the Executive Committee of the Tax Section of the New York State Bar Association and is Co- Chairman of the Committee on Bankruptcy and Losses. He also served on the former Tax Council of the Association of the Bar of the City of New York, and chaired a special subcommittee of the Tax Council and the Committee on Bankruptcy and Corporate Reorganization with respect to tax-related proposals of the National Bankruptcy Review Commission. He is also a member of the Tax Section of the American Bar Association. He is an adjunct professor of law at New York University Law School on Bankruptcy Tax, is a frequent speaker at tax institutes, and has published numerous articles on tax issues relating to financially troubled companies. He is also a member of the Corporate Tax and Business Planning Advisory Board for Tax Management.