The Firm maintains a sensitivity to the tax issues which arise in insolvency cases, recognizing taxes can have significant and unexpected consequences in work-outs, liquidations and reorganizations. The Firm counsels individuals and businesses facing serious tax issues respecting the various alternatives available for addressing those issues.

Most recently, in the American Basketball League case, Mr. St. James successfully proposed a re-working of the Plan of Reorganization in order to protect and preserve critical Net Operating Loss carryovers.

Mr. St. James was a panelist in the program "A Dozen Ways to Commit Malpractice (Without Even Knowing It): Tax Issues for Bankruptcy Practitioners" sponsored by the Bay Area Bankruptcy Forum.

Mr. St. James was actively involved in addressing bankruptcy tax issues in connection with the National Bankruptcy Review Commission’s efforts to propose an overall revision to the bankruptcy laws. He was a contributor to the Task Force established by the Taxation Section of the American Bar Association to present the ABA’s analysis of bankruptcy tax issues to the Review Commission.

Mr. St. James was also a panelist at a round table discussion of bankruptcy tax issues presented at a session of the National Bankruptcy Review Commission sponsored by the National Conference of Bankruptcy Judges.

Mr. St. James is the author of "Federal Tax Liens – Making Bankruptcy Attractive for Creditors", which was published in The Business Lawyer, the law review of the Business Section of the American Bar Association.