vol 14, num 1 | January, 2017
 
 
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Bankruptcy Taxation
 
AN ABI COMMITTEE NEWSLETTER
 
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► IN this issue:
 
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Tax Trap: When Debt Forgiveness Is Not a Free Pass
Bradley Sharp
 
Heather K.P. Fincher
BakerHostetler
Washington, D.C.
 
Not many founders of a new business consider, at the time the new business is founded, the potential U.S. federal income tax consequences to them should the new business fail. The type of business entity formed, and the treatment of that entity for U.S. federal tax purposes as either a corporation or a pass-through entity, can have a material U.S. federal income tax consequence to the owners of the entity if the business should fail and there is a cancellation of the debts of the business. While state laws governing corporations or limited liability companies (LLCs) can limit the liability exposure of an owner of any such entity, this liability limitation does not always apply to income taxes.
 
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The ABI Bankruptcy Litigation Committee presents a must-see webinar that will explore the nuts and bolts of bankruptcy appeals – the statutes, rules, and decisions governing how to obtain appellate review of different types of bankruptcy court orders and the mechanics of initiating and prosecuting appeals. The panel will also discuss strategic considerations, including whether and how to obtain a stay pending appeal, standards of review, and — most importantly — how to win your appeal. The distinguished panel of bankruptcy and circuit appellate judges and practitioners will offer their views on best practices for brief writing and conducting persuasive oral arguments in both intermediate appellate courts and circuit courts, as well as common errors to avoid in oral argument.

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Updates to Social Media: LinkedIn
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As ABI's LinkedIn Company site offers a better channel for engaging and providing targeted content to followers than ABI's LinkedIn Group site, ABI will be phasing out the group site. ABI's LinkedIn Company page. , with nearly 3,000 followers and growing, provides the latest news, as well as event and networking opportunities, including special social media discounts. If you haven't already, be sure to join ABI's LinkedIn Company page to keep up with insolvency news from ABI and your colleagues!
 
 
 
 
 
Caribbean Insolvency Symposium
 
 
 
Annual Spring Meeting
 
 
 
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