You’ve fallen behind on your tax obligations. The IRS has sent you notices, which you didn’t open ― after all, who needs the aggravation. You’ve just received a notice of levy from your bank. It’s that time, it’s Miller time.
Law Offices of Nicholas Gebelt
The Law Offices of Nicholas Gebelt is a legal practice specializing in bankruptcy law, serving clients primarily in Southern California. The firm focuses on representing both debtors and creditors in various bankruptcy proceedings, including Chapters 7, 11, 13, and Subchapter V cases. It provides services related to personal and business bankruptcy filings, bankruptcy litigation, tax debt relief, and issues such as lien avoidance and cash collateral use. The firm publishes detailed blog posts and articles that explain complex bankruptcy concepts, court procedures, and recent legal developments to help clients and legal professionals understand bankruptcy law and its practical applications.
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Discharging Income Taxes In Bankruptcy After A Substitute For Return Is Filed
Some time ago I wrote about discharging income taxes in bankruptcy. I stated that there is a three-part test for determining their dischargeability, and started with the following executive summary:
For a tax to be dischargeable in bankruptcy, it…
The Feds Are Fishing For Loan Shark Collectors
Many ― but not all ― debt collectors working for loan sharks are alleged humans who do the bidding of the dark side of the force. I have written about abusive debt collectors several times, in unflattering terms. It…
Obamacare And Bankruptcy
One of the putative motivations for enacting Obamacare (a.k.a. The Patient Protection And Affordable Care Act; have fun reading it, and make sure you have industrial quantities of coffee on hand) was to ensure that no one would be…
Can The Chapter 7 Bankruptcy Trustee Seize Your Postpetition Commissions?
Death And Student Loans
I have already written about discharging student loans in bankruptcy. As I discussed in that previous blog post, although under special circumstances it is possible to discharge them, it is devilishly hard.
I recently came across an interesting twist…
California Seeks To Divorce Itself From Ocwen
What Is Defalcation In Bankruptcy?
Liquidation Of An Asset In A Chapter 7 Bankruptcy II
I recently received an email that posed an interesting scenario in Chapter 7 bankruptcy liquidation. Although I have written on the subject of Chapter 7 liquidation I haven’t addressed the specific fact pattern in detail. This post fills that lacuna.…