You still pay Self Employment tax in an S-Corp, but it is restructured as Social Security/Medicare withheld from the paycheck and matched by the "employer", but it is still basically Self Employment TaxYou can save quite a bit of SE tax through an S-Corp, but it is not mitigated altogether.

http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.htmlNEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.But the ongoing global financial crisis made it impossible for General Growth to restructure outside of bankruptcy and could signal further troubles for other financial institutions who are General Growth creditors.The collapse underscores the pressure on U.S. commercial real estate with few sources of available funding.Chicago-based General Growth, which owns such valuable properties as South Street Seaport in New York, Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, listed total assets of $29.56 billion and total debts of $27.29 billion.The collapse marks a sad chapter for a company that has been growing since 1954, when brothers Martin and Matthew Bucksbaum decided to expand their family's grocery business and build a shopping center in Cedar Rapids, Iowa.The company expanded steadily through both building and buying malls, the largest acquisition being the 2004 purchase of high-end mall owner Rouse Cos for $14.2 billion.

Romney is uniquely qualified to restructure government agencies for efficiency.

Then approach the owner to restructure the debt or let them do a DIL to you the new lender.They will get hit for forgiveness of debt but can be resolved with the help of their tax person or cpa.

Just an update, back in April of 2015 we had some restructuring.

At the end of my term (year 7), I have to either make a BALLOON payment (pay the balance of the loan off completely), OR Refinance the loan and restructure the deal with current interests rate OR simply sell the property before the 7 years and avoid making the payoff amount and/or refinancing. 

I personally feel, as stated in the article that the new sale guidelines offer a fair administrative solution to making sure the borrowers are getting a fair shake on debt forgiveness, restructuring and if all else fails foreclosure.The other thing I don't like, in my experience I have had many supposed non-profits and even private investors romanticize the idea of investing in NPN's.

You, nor we can restructure this note without much more information, the note and DOT, payments made, accrued interest charged, the jurisdiction and collection attempts or collection history.My guess is that note is trash after 5 years! 

The issue I have is that I won't be in town January and want to get this thing going January 1st or before.How might I amend or restructure the contract to be able to sign in December, but have the contract go into effect Jan 1.

After getting a quick overlook of it with our title company, we decided to restructure it a bit.