Community property works differently in bankruptcy. I probably don’t have to tell you that. On the issue of assets and debts, community property is pretty straightforward. All of the community property comes into the estate upon the commencement of a bankruptcy case, even when only one spouse files. §541(a)(2). Every creditor with a right to […]
Are You Throwing Your Bankruptcy Client To The Predators?
Behind every IRS tax audit lurks the state taxing authority. Fail to give the state its due, and the tax in question may be non dischargeable. I had to dredge this tidbit from memory last week when we were looking over the tax transcript for a client who had been audited by the IRS and […]