other · IRS · Rule · Published 2008-12-12 · Effective 2008-12-12 · 73 FR 75566
Document
Document number
E8-29271
Federal Register citation
73 FR 75566
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2008-12-12
Effective date
2008-12-12
Treasury docket
TD 9434
Abstract
This document contains final regulations providing guidance regarding when and to what extent creditors of a corporation will be treated as proprietors of the corporation in determining whether continuity of interest ("COI") is preserved in a potential reorganization. These final regulations are necessary to provide clarity to parties engaging in reorganizations of insolvent corporations, both inside and outside of bankruptcy. These final regulations affect corporations, their creditors, and their shareholders.