Client Alert: Tax Considerations in Partnership Debt Workouts

A partnership (including a limited liability company taxed as a partnership) that is contemplating a workout or restructuring of the partnership’s debt should consider the various tax issues that could affect the partnership and its partners. There are potential tax pitfalls that may need to be addressed, as well as possible planning opportunities. This Client Alert written by Freeborn Partner Karen Hayes details how to address those pitfalls.

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