Debt forgiveness is all good if you’re the one whose debt is being forgiven, right? Maybe not. In “Nothing in Life is Certain but Death and Taxes: Cancellation of Debt Income,” the DaiilyDAC Editors outline how CODI rules may require your debt forgiveness to be taken into consideration at tax time, and how to plan ahead of time to achieve the best possible outcome.
Chapter 11 363 Sale of substantially all assets as a going concern. Preliminary Bid Deadline is November 30th; auction is December 13th. Based in Ames, Iowa, Cycle Force Group LLC is an importer and distributor of bicycles, parts, and accessories with sales into multi-channels throughout North America. The investment Banker is Ravinia Capital LLC.
Article 9 Sale of 100% LLC interest in the owner of Deerpath Plaza, a/k/a 225 E. Deerpath, Lake Forest, IL 60045. Must become a qualified bidder prior to the November 17th auction date. Auctioneer is Mannion Auctions.
If you are a lender thinking about foreclosing on a company’s assets, or a business owner thinking of agreeing to an assignment for the benefit of creditors or a friendly foreclosure, think again. And say hello to your little friend: Subchapter V of chapter 11. It’s chapter 11 but better.
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