Debts

Bankruptcy requires listing all debt and filing all tax returns.

02/18/13

Listing all creditors is vital to the success of a bankruptcy case.  So is filing all required tax returns on time.  If you fail to file a tax return you might not be aware you owe the IRS money, so it would be easy to mistakenly omit that creditor from your bankruptcy case.  Even debt that will not be discharged should be listed, including certain tax debt, so that a claim can share in any distribution paid to creditors by the bankruptcy estate.

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Will Bankruptcy Get Rid of My Small Business Debts?

10/28/11

Small Business Debts & Bankruptcy Your business is in trouble and you want to know whether filing personal bankruptcy is necessary or whether you can just walk away without fear of your creditors chasing behind you. First thing first, identify whether you’ve personally guaranteed your business debts or whether your business entity protects you from [...]

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