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As both an accountant and an attorney, Tom understands tax issues from every perspective. When clients undertake transactions or investments, he seamlessly navigates complex tax laws and considerations at stake, allowing clients to focus solely on their business goals.

When borrowers struggle to meet their debt obligations, they may negotiate with creditors to modify the terms of their debt instrument. This could involve changes to the interest rate, repayment period, collateral, or other aspects of the debt. However, these modifications could potentially result in a taxable exchange of the original note for a modified one, a fact that may not be immediately apparent to the involved parties.