Bankruptcy Discharges Corporate Officers Corporate directors facing crushing judgments for leading their companies down the path to ruin can still find shelter in bankruptcy court, the 9th U.S. Circuit Court of Appeals ruled Wednesday. Though most liens are dischargeable under bankruptcy law, those incurred as a...
IRS wants $15mil to Hire Collection Agencies! The IRS plans to eventually place 2.6 million delinquent taxpayer accounts annually with private collection companies, according to Pamela J. Gardiner, acting Treasury inspector general for tax administration. It will need to make an initial $10 million to...
3rd Circuit Tightens Rules for Discharging Student Loans In a ruling that promises to make it much more difficult for bankruptcy debtors to win forgiveness of their student loans on "undue hardship" grounds, the 3rd U.S. Circuit Court of Appeals has ruled that such debtors must prove that they...