Tax Implications of § 363 Sales

Hosted by the Legislation and Bankruptcy Taxation Committees

This session addresses various tax implications that need to be considered by bankruptcy practitioners in connection with § 363 sales, including cancellation of indebtedness income, net operating losses and tax-free/deferred “G Reorganization” transactions. The panel also discusses a timetable of decision points as to when tax-related issues need to be considered by practitioners in order to avoid unanticipated adverse tax consequences.