Legal Alert: Debt Workouts and the Borrower's Tax Considerations

Borrowers and lenders in the real estate industry have good reason to feel uneasy lately. The declining value of real property collateral and the failure of some of America's most stalwart financial institutions have brought into focus loan products on the balance sheets of surviving banks and lenders. The unprecedented volatility of the market and weakening economy have borrowers struggling to fund current debt obligations and lenders seeking to salvage their return on investment.

Please see full alert for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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