SPLIT-DOLLAR RECEIVABLE

Appraisal Economics has determined the fair market value of a split-dollar receivable in connection with a second-to-die joint life insurance policy. The trustees of the policy entered into a split-dollar agreement with the beneficiary of their life insurance...
Out-of-Court Debt Restructuring

Out-of-Court Debt Restructuring

Sometimes a distressed business’ best path forward is to take advantage of the benefits of bankruptcy. Bankruptcy is a legal declaration of a debtor’s inability to meet and pay their liabilities, and it can play out in three ways. Chapter 7 involves a trustee...