Common Causes of Bankruptcy

Prior to the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, both houses of Congress solicited testimony regarding the rise in consumer bankruptcy filings.  Consumer advocates, such as Harvard’s Elizabeth Warren...

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Income Taxes and Bankruptcy

In acknowledgement of the passing of “tax day”, we thought that we would address the treatment of income taxes in bankruptcy.[i] Many consumers seek bankruptcy assistance because of income tax problems.  While income taxes are afforded special...

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