Offers authoritative and practical advice to planners guiding a troubled business through a restructuring--also known as a nonbankruptcy workout. Provides an extensive discussion of important tax issues which planners must consider as well as an evaluation of security issues. Coverage includes an overview of the Bankruptcy Code, basic workout strategies, fraudulent conveyance concepts, availability of net operating loss carryforwards, real estate tax issues and much more. Contains numerous checklists to insure that no critical planning issue is overlooked plus many examples and mathematical calculations which illustrate various principles in concrete terms.