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.
Southern California Bankruptcy Law Blog
The Southern California Bankruptcy Law Blog, published by the Law Offices of Nicholas Gebelt, focuses on various aspects of bankruptcy law relevant to both individual and business debtors and creditors. It covers topics such as Chapter 7, 11, and 13 bankruptcies, Subchapter V cases, bankruptcy litigation, lien avoidance and valuation, cash collateral usage, and tax debt relief. The blog discusses procedural and substantive issues in bankruptcy cases, including plan confirmation, creditor rights, interest on claims, and exemptions. It also addresses practical considerations like motions to use cash collateral and strategies for handling secured and unsecured claims in bankruptcy proceedings.
Latest from Southern California Bankruptcy Law Blog - Page 4
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.…
