Law How Tax Debt is Treated in Bankruptcy

1. Debtor is required to file a repayment plan Debts are categorized as priority, secured, or unsecured Tax debts are a priority debt, meaning they are paid before other…

Documents CHAPTER…HUH? All you need to know about bankruptcy R. Manny Montero, Esq. Michael A. Ostroff, Esq....

Slide 1CHAPTER…HUH? All you need to know about bankruptcy R. Manny Montero, Esq. Michael A. Ostroff, Esq. 301-588-8100 1 Slide 2 Chapters of Bankruptcy Chapter 7: Liquidation…