The tax consequences of debt restructuring may be unexpected and at times downright counterintuitive. Join us for a program that examines the tax consequences of a distressed debt instrument from all angles—from the perspective of the originator, the person who buys the debt instrument at a discount and works it out, and the borrower. Without a clear understanding of the unique rules concerning these specific transactions, the outcome could cause unpleasant surprises.

Ms. Kotzen, Mr. Barksdale, and other presenters will discuss the unanticipated tax results from Nevada's recently enacted law limiting liability for debt purchased at a discount. The program will also include a brief overview of the general state of the commercial real estate market, and the effect of distressed property sales and discounted note sales on the commercial market.


Wendi L. Kotzen, Partner, Ballard Spahr LLP
Gregory Prawitt, Partner, Wisan, Smith, Racker & Prescott, LLP 
John G. Taylor, Director–Corporate Services, Commerce Real Estate Solutions