In Search of the Holy Grail

Where, as is generally the case, stock of a bankrupt company changes hands upon emergence, the company may undergo an "ownership change" and the use of its net operating losses (NOLs) may be subject to limitation under Section 382 of the Internal Revenue Code (Code). This article discusses the loss limitation rules, in general, and one of the special rules under Section 382 of the Code that applies to bankrupt companies, specifically.

26 minute readNovember 29, 2004 at 01:08 PM
By
Steven J. Joffe
Jerome M. Schwartzman
In Search of the Holy Grail

Where, as is generally the case, stock of a bankrupt company changes hands upon emergence, the company may undergo an “ownership change” and the use of its net operating losses

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