Upon the foreclosure of a partnership’s collateral property, the tax consequences of the loan agreement to individual partners is determined by whether the IRS classifies the debt as recourse or nonr…
In our October 2015 issue, Kenneth Adams presented an article on the use of represents and warrants to introduce statements of fact. This month, Professor Stephen Sepinuck presents his views on the t…
An assignment for the benefit of creditors is an effective tool for acquiring and winding down distressed businesses, while minimizing negative publicity and potential liability.