Tax podcast: Debt restructuring

June 1, 2020

Given the current economic climate, many companies have been in a rush for cash, leading to an upward increase in credit borrowing and corporate debt.

In this latest episode, Deloitte’s Steve Harrison and Ken Gerstel explain the significance of debt modifications and their implications on corporate debt restructuring.

I think what the tax departments probably need to start with is just a real education process as to what is a significant modification. The issue here is that a significant modification, if it arises, causes a debt instrument to be deemed satisfied and reissued for its fair market value.

⁠—Ken Gerstel

Subscribe to Tax News & Views

There are plenty of tax-related policy and regulatory updates these days. Clear-eyed analysis of it is more difficult to come by. Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business.

Listen as Deloitte Tax specialists provide key highlights of tax legislation, regulation, and more.

Subscribe now on: iTunes | SoundCloud | Stitcher | Google Play | Spotify

Or visit the Tax News & Views library for the full collection of episodes.