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What is Chapter 9 Bankruptcy? Chapter 9 of the US Bankruptcy Code is applicable to US municipalities, including towns, counties, cities, tax districts, municipal utilities, and school districts. This chapter allows a type of reorganization that allows distressed...
What is Chapter 15 Bankruptcy? Chapter 15 was included in the US Bankruptcy Code in 2005. It facilitates a friendly environment for the settlement of international insolvencies. Specifically, Chapter 15 facilitates the relationship between U.S courts and foreign...
What is a Special Purpose Vehicle or Special Purpose Entity?A Special Purpose Vehicle or Special Purpose Entity (SPV/SPE) is a corporate entity created by a parent company to carry out specific transactions or business different from that of the parent company. Parent...
What is Charitable Gift Life Insurance? Charitable gift life insurance is a way of purchasing a life insurance policy and naming a charity as the policy owner or beneficiary. This allows donors to make a substantial future gift to a charity. Donors then arrange to pay...
What is a Charitable Gift Annuity? A charitable gift annuity is a contract or an agreement between an individual and a charity, where such individual transfers assets to a charity in return for a partial income tax deduction and a regular lifetime income sizable to...