Month: January 2015

As a general rule, if a tax return was due to be filed more than three years from the date it was due, and the debtor filed the return more than two years ago, and the amount due was assessed more than 240 days before the bankruptcy case is filed, the tax debt will be...

In an unusual case in Illinois, Robinson v. Hagan (Case No. 13-cv-1239-SMY, S.D. Ill. 2014), a Chapter 7 debtor was permitted to keep a rare, first edition copy of The Book of Mormon from 1830, which was potentially worth tens of thousands of dollars. Normally, in a...