Bankruptcy & Income Taxes

June 26, 2015

There are certain categories of debt that cannot normally be discharged in a Chapter 7 bankruptcy case.  Among these is a liability for income taxes owed to the IRS or to the State, which can create significant difficulties for individuals who find they need protection under the Bankruptcy Code.
In certain circumstances, income taxes may be dischargeable, but it can be complicated to determine if your taxes may be discharged without a qualified bankruptcy attorney to assist you.  The Bankruptcy Code identifies the types of income tax debts that are not dischargeable by referencing the section of the Code related to debt priorities, and there the Code lays out a number of criteria to apply to determine if a debt would qualify for discharge.

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Grand Rapids Bar Association

June 1, 2015
 

Keller & Almassian, PLC is pleased to announce that Todd Almassian will serve as the Chairman of the Solo/Small Firm Section of the Grand Rapids Bar Association.

Harris v. Viegelahn (In re Harris), 2015 U.S. LEXIS 3203 (May 18, 2015)

May 29, 2015

In a recent decision, issued May 18, 2015, the Supreme Court of the United States held that when a debtor converts from Chapter 13 Bankruptcy to Chapter 7 Bankruptcy, any post petition wages not yet distributed by the Trustee must be returned to the debtor, rather than distributed to creditors.
 

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