Język Polski
English
Published
:
2015-04-30
The Debt-for-Equity Swap Option under a Debt Settlement Arrangement - Selected Tax Implications for the Creditor
Tomasz Turek
Abstract
The paper seeks to assess the effects of a debt settlement arrangement vis-à-vis certain regulations of tax law. The analysis concentrates on two options that are available to a company in bankruptcy under a lawful debt settlement procedure: a debt-to-equity swap (i.e. conversion of debt into shares), and a debt waiver. Each of these options has specific legal and income tax implications for the creditor. The article discusses both corporate and personal income tax implications, with special emphasis on the debt-to-equity swap, which is regarded as an in-kind contribution and therefore involves significant consequences in terms of corporate income tax.(original abstract)Keywords:
Bankruptcy proceedings, Debt conversion, LiabilityMost read articles by the same author(s)
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Turek, T. (2015). The Debt-for-Equity Swap Option under a Debt Settlement Arrangement - Selected Tax Implications for the Creditor. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 59(2). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1010