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Got Tax Trouble? Don’t File Bankruptcy In December

By Cathy Moran

wait to file bankruptcy

Bankruptcy can provide tax relief,  if your timing is right. Tax troubles are at the heart of so many bankruptcy filings.  It makes sense:  bankruptcy is a powerful and predictable tool to get out of tax debt. But filing bankruptcy before the end of the year may fix only a part of your tax problems.  […]

Filed Under: Featured, Taxes Tagged With: 2016, discharge taxes

Discharge Taxes in Bankruptcy: Move Beyond the Myth

By Cathy Moran

bankruptcy taxes

Myths about discharging taxes in bankruptcy are as common as myths about fire-breathing dragons.  Central to the bankruptcy tax myth is the claim that taxes can’t be discharged in bankruptcy. Not so.  Bankruptcy can wipe out many kinds of taxes.  And that discharge can restore order to a family’s economy. Which ones are dischargeable?  Let’s see. […]

Filed Under: Featured, Taxes Tagged With: discharge taxes

Bankruptcy Busts Taxes If The Timing Is Right

By Cathy Moran

taxes dischargeable

Got unpaid taxes for 2019?  Three tax discharge timing rules control when those taxes can be wiped out in bankruptcy. On April 15, 2023 those taxes reached the end of the line as priority claims in bankruptcy.  Or, the magic date may be October 15, 2023, if you got an extension to file the return. […]

Filed Under: Consumer Rights, Taxes Tagged With: 2017, bankruptcy timing, discharge taxes

What Can Bankruptcy Do About Back Taxes

By Cathy Moran

wipe out taxes

Bankruptcy wipes out taxes and leaves you with a clean slate. But somehow, the second biggest myth about bankruptcy is that taxes can’t be discharged. Wrong, wrong, wrong. The limits on discharging taxes in bankruptcy are few. You can’t discharge That’s it. Like anything in the law, there are details that make for hard reading. […]

Filed Under: Featured, Taxes Tagged With: 2022, discharge taxes

Tax Filing Extension Invites Tax Trouble For The Self Employed

By Cathy Moran

We never make tax deposits for our small business because we don’t know what we’ll owe. We just wait til the return is prepared and try to pay then, he explained. But, again this October, he couldn’t write a tax check for a year’s worth of income. So the client sitting across the table from […]

Filed Under: Consumer Rights, Small business Tagged With: discharge taxes, quarterly tax deposit, tax filing extension

Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

How Bankruptcy Works

Bankruptcy Alphabet: F is for First

In my Bankruptcy Alphabet, F is for First meeting of creditors. Lots of rumors exist about the that meeting; it produces unwarranted anxiety that is avoidable if you understand what's up. Let's check it out. The first meeting of creditors, also called the 341 meeting, is often the only time a debtor has to appear … Read more

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