by Jeffrey M. Sklarz
Zeisler & Zeisler, P.C.; Bridgeport, Conn.
Over the past few years, we have all witnessed the collapse of many large fraudulent investment schemes. Where once the victims of such scams were unsophisticated, often elderly or otherwise easy targets for financial predators, frauds such as those perpetrated by Bernard Madoff, Allen Stanford, Marc Drier and the Bayou Group, to name just a few, counted some of the most successful institutional and private investors, major pension funds, hedge funds and charities among their victims. Once a fraudulent enterprise collapses, it falls to regulators, receivers and bankruptcy trustees to sort out the wreckage and redistribute the remaining assets in an effort to reduce the impact of the crime on the victim pool.
Read the full article.
Please grab your wine and cheese during the afternoon break on Saturday, April 2, and join the Bankruptcy Taxation Committee for some pre-educational session networking at the Annual Spring Meeting. We will gather in Potomac C for a casual get-together at 3:45 p.m. Our educational session topic, "Overview of Significant Tax Issues for Chapter 7 and Chapter 11 Debtors and the Impact of Non-bankruptcy IRS Alternatives," presented by Henry J. Riordan of the U.S. Department of Justice, Tax Division, Civil Trial Section, Eastern Region in Washington, D.C., and Frances Sheehy of the Law Office of Frances Sheehy in Pompano Beach, Fla., will begin in the same room at 4:15. We look forward to seeing many of you in National Harbor, Md. next week!
The Bankruptcy Taxation Committee made a joint presentation with the Young and New Members Committee at the 22nd Annual Winter Leadership Conference titled “The Practical and Tax Implications of 363 Sales.” The panel discussed credit bids, taxable versus tax-free transactions, type G reorganizations and a variety of structure types. The session was moderated by Darren D. Farfante of Fowler White Boggs PA in Tampa. The panel included Jennifer R. Noel of Young Conaway Stargatt & Taylor, LP in Wilmington, Del. and Lee G. Zimet of Deloitte in New York.
The Practical and Tax Implications of 363 Sales
To view all previous conference materials, click here.
ABI is pleased to announce the launch of the newly updated and enhanced ABI Journal Online. ABI Journal Online provides immediate access to the current issue of the ABI Journal as well as issues dating back to the year 2000. ABI members are able to search ABI Journal Online by year and issue, keyword, author and column. In addition, members can submit articles for publication. Use your ABIWorld login and password to access the site.
Click here to view the new site.
Have you been following the discussions on the Bankruptcy Taxation listserve lately? Your colleagues have been discussing security interest in federal income tax refunds. Share your ideas, knowledge and questions on the Bankruptcy Taxation Committee listserve. To post a question or comment, simply send an email to abi_bankruptcy_tax@dizzy.abiworld.org. To view previous discussions on the listserve, please click here.
