[3] Moreover, the anticipation of needing to make a payment for which a compensating tax benefit
payment by Pride may not arise until a future date could theoretically serve as a catalyst to dispose of less desirable rigs to provide interim liquidity.
For more P terms: Plan - Omaha and Lincoln, Nebraska Bankruptcy Attorney, Ryan D. Caldwell Pay Advice - New York Bankruptcy Lawyer, Jay S. Fleischman Preferences - Colorado Springs Bankruptcy Attorney Bob Doig Phone Call - Cleveland Bankruptcy Attorney, Bill Balena
Pride - Southgate, Michigan Bankruptcy Lawyer, Christopher McAvoy Property of the Estate - Wisconsin Bankruptcy Lawyer, Bret Nason Property of the Estate: The key to when a lien can be stripped
by the bankruptcy court. - Philadelphia Suburban Bankruptcy Lawyer, Chris Carr Privacy - Metro Richmond Consumer and Bankruptcy Attorney, Mitchell Goldstein
Payment - Jacksonville Bankruptcy Attorney, J. Dinkins G. Grange Preference - Marin County Bankruptcy Attorney, Catherine Eranthe Priority - Bay Area Bankruptcy Lawyer Cathy Moran Planning - Los Angeles Bankruptcy Attorney, Mark J. Markus Personal Bankruptcy - Livonia, Michigan Bankruptcy Attorney, Peter Behrmann
The foreign tax credit rules are very complex, and it's not obvious whether the Mexican taxes at issue are creditable under U.S. law, or even if
payments for a given year would generate tax credits that would be usable
by Pride.
In the absolute «best - case version» of this worst - case scenario, if credits were immediately usable
by Pride and were allocated to Seahawk under the Agreement, requiring
payments from
Pride to Seahawk,
payments to the Mexican tax authority for certain disputes could theoretically be «free» because the
payments were offset one - to - one
by immediately usable tax credits.