The position of CRO does not have as much history as the more traditional positions such as CEO. In turn, this leaves room for much misunderstanding.

#BusinessDistress #Chapter11Plans/Confirmation #Insolvency #ProfessionalsRetention/Compensation/Fees

https://www.dailydac.com/the-chief-restructuring-officer-architect-force-leader-towards-change/

When a restructuring crosses borders, tax issues can become even more complicated: tax systems collide, priorities shift, and timing becomes critical.

#AssignmentfortheBenefitofCreditors #BankruptcyPetition #BusinessDistress #Insolvency #Receivership101

https://www.dailydac.com/cross-border-tax-issues-in-restructuring/

When a company faces financial distress, its directors stand at a critical intersection of fiduciary duty and operational urgency.

#AssignmentfortheBenefitofCreditors #BankruptcyPetition #BusinessDistress #FiduciaryDuties/Directors #Insolvency

https://www.dailydac.com/board-prudence-amid-financial-distress/

US businesses encounter financial distress through different legal paths, with each having its own tax considerations.

#AssignmentfortheBenefitofCreditors #BusinessDistress #BusinessLaw&Litigation #Insolvency #Receivership101

https://www.dailydac.com/corporate-taxation-in-distress/

Tax issues exist in most insolvency cases and the failure to address and plan for these can adversely affect multiple persons involved.

#AssetSale #BusinessDistress #Claims #FiduciaryDuties/Directors #Insolvency

https://www.dailydac.com/tax-considerations-in-insolvency-cases/

A court may recharacterize a creditor’s debt claim as an equity interest. This recharacterization often has a significant impact on creditor claims.

#BusinessDistress #CreditorsCommittee #GeneralUnsecuredCreditor #Insolvency #Priorities

https://www.dailydac.com/the-elegant-swan-and-clumsy-duck-what-is-recharacterization-in-bankruptcy/

Holders of administrative claims are entitled to priority payment so long as the claim was for goods or services that benefited the debtor’s estate.

#BusinessDistress #Chapter11Plans/Confirmation #Claims #GeneralUnsecuredCreditor #Insolvency

https://www.dailydac.com/demystifying-administrative-expenses-in-bankruptcy/

While some see third-party releases as essential to achieving global settlements, others view them as dangerous loopholes.

#BusinessDistress #BusinessLaw&Litigation #Chapter11Plans/Confirmation #Insolvency

https://www.dailydac.com/the-shifting-ground-of-third-party-releases/