Public Finance Advisory: Amended IRS Regulation Facilitates Tax-Exempt Bond Restructurings
5/13/2011
By Leonard Weiser-Varon and Maxwell D. Solet
Restructurings of tax-exempt bonds payable by an entity experiencing financial difficulties typically feature the yin of an obligor seeking debt relief that will permit it to operate without the stigma of potential insolvency and the yang of creditors who may wish to accommodate but do not want to leave money on the table.
