Though each of the 450 open transactions was governed by a separate agreement, two primary transaction frameworks had been employed: agreements contemplating that the pertinent exchange funds would be placed in a separate account associated solely with the appropriate customer's name, and agreements that contemplated the commingling of the exchange funds.
25, 2017 – After a few months of delay, the legislature’s Joint Finance Committee (JFC) returned to Madison to resume voting on the last remaining funding items for Wisconsin’s multibillion dollar budget.
While the committee still has a few larger fiscal items pending, they did take action on items pertaining to the State Public Defender’s (SPD) budget.
Our understanding of the legal and strategic implications of the restructuring process may mean the difference between success and failure.
Our lawyers have significant experience representing the full spectrum of key parties in restructuring matters, including debtors, indenture trustees, investors, asset purchasers, chapter 11 trustees, liquidation trustees, committees, landlords, secured and unsecured creditors, lenders, and boards of directors.
Under Internal Revenue Code Section 1031, the seller initiating an exchange must identify like-kind replacement property within 45 days of the sale.