Posts Tagged ‘Cancellation of Indebtedness’

CANCELLATION OF DEBT — Traps for the Unwary

John M. Vandenhoff, Esq. In today’s economic environment, businesses are looking to modify and re-structure debt to pull through until the economy turns around. Rather than allowing so many loans to go bad, lenders are working with debtors to re-structure loans in a manner that allows the debtor to stay in business. For example, a […]