Based on the impact of COVID-19, the economy is projected to contract in 2021. Businesses are required to act quickly to reach the best possible outcome for its employees, stakeholders and owners. The webinar will cover available options and the tax implications for distressed companies. 1) Federal & State Responses to the Pandemic: CARES Act, Tax Incentives, PPP, Deferment of Tax, Etc.

2) Cancellation of Debt – Triggering Events, Tax Consequences

3) Debt Modification

4) Bankruptcy (Chapter 11 & Subchapter 5)

5) Tax Incentives, Grants, Loans, Etc.

One hour of CLE credit will be offered to the surrounding MCLE states.