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Loan Buybacks and Loan Amendments: Cancellation of Indebtedness Income for Borrowers
Practical Law Practice Note 7-385-3432 (Approx. 13 pages)
Loan Buybacks and Loan Amendments: Cancellation of Indebtedness Income for Borrowers
by Practical Law Finance
| Maintained • USA (National/Federal) |
This Note discusses the extent to which a borrower recognizes cancellation of indebtedness income (CODI) in connection with a loan buyback or loan amendment.