%0 Journal Article %A Barnet Phillips IV %A David M. Rievman %A Pamela Lawrence Endreny %T Restructuring the Financially Troubled Corporation %B A Tax Planning Checklist %D 2002 %J Turnaround Management %P 98-102 %V 2002 %N 1 %X 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. %U https://guides.pm-research.com/content/iijturnmgmt/2002/1/98.full.pdf