BANKRUPTCY
When a Chapter 12 bankruptcy filer sells a farm, is the capital gain tax incurred dischargeable? Hall v. U.S., No. 10-875. Certiorari granted June 13, 2011. Ruling below: 617 F.3d 1161 (9th Cir. 2010).
View ArticleJustices consider if tax on farm sale is dischargeable
WASHINGTON – In a case that could have broad implications for bankruptcy filers, the U.S. Supreme Court is set to decide whether a farmer who sells his farm after filing for bankruptcy can discharge a...
View ArticleFarm sale income tax not dischargeable in bankruptcy
The federal income tax liability resulting from the sale of a farm after a Chapter 12 bankruptcy filing is not “incurred by the estate” under §503(b) of the Bankruptcy Code and thus is neither...
View ArticleBankruptcy filings continue to decline
WASHINGTON – In a continuation of the downward trend that began in 2011, bankruptcy filings in federal courts declined during calendar year 2012, according to data released by the Administrative Office...
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