The treatment of loans to a debtor's former employees can result in unforeseen and unfavorable tax consequences. An unwary trustee or administrator of a plan of reorganization (each a 'Responsible Individual') who employs the wrong approach can expose the estate to unanticipated payroll tax liability. Moreover, if the Responsible Individual fails to reserve sufficient funds for payment of such payroll tax liability, he may be forced to pay such liability out of his own pocket. As a result, it is critical that a Responsible Individual be familiar with the issues, and employ the strategies discussed herein.
- September 27, 2006Todd L. Padnos and Paul S. Jasper
The latest rulings of importance to you and your practice.
September 27, 2006ALM Staff | Law Journal Newsletters |Recent happenings in this important arena.
September 27, 2006ALM Staff | Law Journal Newsletters |It is becoming increasingly common for medical company representatives to be present in examination rooms, procedure rooms and even in operating rooms. Because of this trend, it is important not only for medical companies, but also for hospitals and physicians to be aware of the potential liability related to having these representatives present during examinations or procedures.
September 27, 2006Carrie N. Lowe and Trisha L. LewisThe growing popularity of therapy for everything from marriage troubles to drinking problems has the mental health care community paranoid about lawsuits. Legal and health care experts say that therapists today face a greater risk of being sued than ever before, particularly given the 55% divorce rate and the breakdown of the family.
September 27, 2006ALM Staff | Law Journal Newsletters |In three recent decisions, courts in North Carolina, Florida and Kansas have expressed displeasure with ... extra-judicial attempts by the medical profession to police its own members. This article looks at these recent cases and the impact of those cases on expert witness testimony in medical malpractice litigation.
September 27, 2006Eric J. FrischRecent rulings of interest to you and your practice.
September 27, 2006ALM Staff | Law Journal Newsletters |Go to your favorite Internet search engine and run a search for 'stupid laws.' You will come up with thousands of hits for sites that report it is illegal to spit on the ground within 5 feet of another person and the like. Most of these 'laws' are probably just urban myths. However, the California Family Code (and in all probability the codes of most other states) does contain laws that should be looked at more carefully. Some of our statutes are in need of modernization. Others are poorly worded, and others just make no sense. We can and should expect more of our legislature.
September 27, 2006Michael A. FisherWhy are law firm partners, associates and staff retreating? Has the battle become so intense that the commanders believe the troops need to pull back, refresh and reorganize? Or cut their losses and move on? Is it a time away from the daily grind of billable hours and client demands that provides everyone with a minute to breathe on the firm's dime? Is it reward or retribution? Is there a moment or two of professional development that will be recognized as CLE? Is it the new leadership's moment to deliver the 'new message' to a captive audience? Is it a time for partners and executives to take a few steps back so they can make greater progress on key business objectives in the coming months? This article answers those questions.
September 05, 2006Robert Clayman

