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The Intersection of Bankruptcy and Taxation in Individual Debtor Chapter 11 Cases

by Daniel M. Press and Brett Weiss Excerpt: The intersection of bankruptcy and taxation is, in many respects, a complicated area of the law, and entire treatises can and have been written about it. This article does not attempt to provide a complete survey of this area of the law, but only to...

Matthew Cavitch on State and Local Taxes and Bankruptcy Cases

In bankruptcy cases involving businesses, a key consideration is often what happens to certain tax attributes, such as net operating losses, when the debtor business presumably re-emerges from the bankruptcy proceeding. Excerpt: In addition to the Bankruptcy Code and the Internal Revenue Code...