By Jeff Field | Published March 10, 2025 | Posted in Chapter 7 | Tagged Tags: debtors, IRS, Section 106 | Leave a comment
Supreme Court Deciding Whether Pre-Bankruptcy Payment to IRS Can Be Considered a Fraudulent Conveyance
Significant payments that are made before a bankruptcy filing frequently raise suspicion and often must be returned. Funds that are sent to one creditor prior to a bankruptcy petition could present an unfair disadvantage to others. For this reason, the trustee typically voids these transactions. Recently, the U.S. Supreme Court heard arguments about whether a Read More
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