Page 15 - Bankruptcy Volume 1

First-Day Motions—Tax Considerations .................................................................................................... 134

Cancellation of Debt ................................................................................................................................... 134

IRC Section 382 — Limitations on Use of Net Operating Losses ................................................................. 138

Net Unrealized Built-in Gains and Losses .................................................................................................. 139

Bankruptcy Exceptions to Section 382 ....................................................................................................... 139

Tax Claims in Bankruptcy .......................................................................................................................... 140

Chapter 18 — Conclusion ................................................................................................................................ 142

Appendix A — Chapter 11 Timeline ............................................................................................................... 143

Appendix B — United States Trustee Fee Guidelines ................................................................................... 144

Appendix C — Voluntary Petition for Non-Individuals Filing for Bankruptcy ......................................... 150

Appendix D — Effects of Substantive Consolidation on Payments to Creditors: An Illustration ............ 151

Appendix E — Parent-Subsidiary Relationship Assessment ........................................................................ 154

Appendix F — Debtor's Standard Monthly Operating Report (Business) ................................................. 157

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