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Ningbo Fuhao Import and Export Trading Co., Ltd.
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Priority Tax Claims In order to secure a bankruptcy court’s approval of a plan of reorganization, a debtor is required to satisfy, in full, all obligations entitled to priority treatment under the bankruptcy law. Some taxes, owed to the federal government, generally are deemed to be priority obligations. In a recent case, a bankruptcy appellate […]
Congress recently passed legislation entitled The Bankruptcy Threshold Adjustment and Technical Corrections Act which the President signed into law on June 21, 2022. The changes to the law will help people because it significantly expands who can qualify for Chapter 13 relief. Chapter 13 is a reorganization bankruptcy for individuals which gives people an opportunity […]