PT  - JOURNAL ARTICLE
AU  - Barnet Phillips IV
AU  - David M. Rievman
AU  - Pamela Lawrence Endreny
TI  - Restructuring the Financially Troubled Corporation
DP  - 2002 Mar 20
TA  - Turnaround Management
PG  - 98--102
VI  - 2002
IP  - 1
4099  - http://guides.pm-research.com/content/2002/1/98.short
4100  - http://guides.pm-research.com/content/2002/1/98.full
AB  - The restructuring of a troubled company'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'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.