Provided tax structuring for largest bankruptcy in U.S. history

Provided tax structuring for largest bankruptcy in U.S. history

Jerry and his team were hired based on their expertise in bankruptcy, tax, and process to provide sell-side services in the largest bankruptcy in U.S. history. As part of the work, they worked with counsel in providing bidders with a tax-advantaged structure to acquire certain estate assets.

Work performed:

  • Reviewed the technical qualification of the proposed structure and discussed with counsel
  • Reviewed the estates tax status, including ongoing tax audits and the potential impact on the proposed transaction
  • Achieved a sale of two non-debtor subsidiaries in a structure that provided more than $10 billion of net operating losses with no limitation on use by the buyer

Note: This work was performed prior to joining Stout.