TY - JOUR T1 - Restructuring the Financially Troubled Corporation JF - Turnaround Management SP - 98 LP - 102 VL - 2002 IS - 1 AU - Barnet Phillips IV AU - David M. Rievman AU - Pamela Lawrence Endreny Y1 - 2002/03/20 UR - http://guides.pm-research.com/content/2002/1/98.abstract N2 - 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. ER -