The Three Year Rule for Getting Rid of Income Taxes in Bankruptcy

10/19/11

Everyone knows that you can’t discharge income taxes in bankruptcy.  Right?  No, not right at all.  This misconception about bankruptcy law illustrates just why you shouldn’t substitute cocktail party gossip for the advice of a good lawyer.  Especially when the question involves discharging income taxes in a consumer bankruptcy case. Generally, income taxes are discharged in [...]

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