Volume 25 - Number 12 | October 2008
| October Issue in PDF Format … |
| On the Move Who's going where; who's doing what. |
| The Financial State of the Automotive Industry By Ben Gonzalez Despite all the recent media attention focused on bankruptcy concerns among the domestic three automakers, we do not anticipate any domestic OEM filing for bankruptcy protection. However, we anticipate increased bankruptcy activity within the supplier base in the latter part of 2008 and into 2009. |
| How to Avoid Insider Preference Liability By Michael L. Cook The Tenth Circuit held on July 15, 2008, that a major creditor with a seat on the debtor's board of directors and a 10.6% equity interest was not an insider in a bankruptcy preference suit. As shown in this article, the decision contains a road map for corporate insiders on how to avoid preference liability. |
| A Liquidating Trustee’s Principal Tools for Resolving Tax Issues in Bankruptcies By Patrick M. Cox and Robert J. Stark As part of making distributions to allowed claimants of a bankrupt entity, a liquidating trustee must decide the best way to handle potential outstanding tax liabilities. This article discusses the benefits of Section 505. |
