Tag Archives: owners
Using Chapter 11 to Restructure Tax Debt
For many business owners, tax debt is not the result of poor planning but rather of income shortfalls, unexpected expenses, sudden economic downturns or other financial pressures that make it difficult to keep up. Chapter 11 can offer a path to tax relief, allowing a business to reorganize certain tax debts while continuing to operate […]
Strategic Use of a Single Asset Real Estate (SARE) Chapter 11
A Single Asset Real Estate (SARE) Chapter 11 is a remedy by which certain distressed property owners can stop foreclosure and pursue refinancing or other solutions. A debtor is generally classified as a SARE when substantially all of its income is generated by a single real estate asset and it does not conduct any other […]
