Businesses need to be aware of
the tax implications when exchanging debt for equity, says Peter Rayney
Amid the current economic malaise, banks and other lenders become
more nervous about the state of their 'loan' books, looking for signs
of businesses being unable to meet their interest and capital repayments
as they fall due. Ultimately, the inability to repay debt can force
companies into administration or liquidation, as we have seen with
many household names in recent years.
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