@article {Phillips98, author = {Barnet Phillips IV and David M. Rievman and Pamela Lawrence Endreny}, title = {Restructuring the Financially Troubled Corporation}, volume = {2002}, number = {1}, pages = {98--102}, year = {2002}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The restructuring of a troubled company{\textquoteright}s debt, a change in its ownership, or bankruptcy can trigger significant tax consequences for the company and other stakeholders. For example, a modification of the terms of a company{\textquoteright}s debt can create original issue discount, causing debtholders to recognize taxable income without receiving any cash. But with a thorough analysis and careful planning, these issues can be reduced or avoided in a manner consistent with the business objectives.}, URL = {https://guides.pm-research.com/content/2002/1/98}, eprint = {https://guides.pm-research.com/content/2002/1/98.full.pdf}, journal = {Turnaround Management} }