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Persistent link: https://www.econbiz.de/10014222277
The current majority rule for handling the discharge of tax debt related to a tardily filed tax return is severely distorted and antithetical to sound bankruptcy and taxation policy. For years, it was established law that bankruptcy could discharge stale tax debts. Indeed, the Bankruptcy Code...
Persistent link: https://www.econbiz.de/10012903140
Since 1978, dismissals of involuntary bankruptcy petitions due to petitioning creditors' bad faith have proliferated. In the process, a textual oddity has not gone unnoticed: even as “bad faith” is denominated as the basis for an award of punitive damages, nowhere in the Bankruptcy Code's...
Persistent link: https://www.econbiz.de/10012854641
For more than two decades, a debate has raged over what to make of vindicatory contempts, a class of ostensibly civil contempt orders intended to punish a debtor for his or her defiance of prior judicial orders issued pre-petition by a state court. Because § 362(a)(1) applies to all judicial...
Persistent link: https://www.econbiz.de/10012855948
There has been a renewed focus on gambling and its social consequences. One potential consequence facing gamblers is bankruptcy. This article considers how gambling and gambling debts are treated in bankruptcy. It includes an examination of the extent to which gambling is a cause of bankruptcy;...
Persistent link: https://www.econbiz.de/10012764714
fictions. The main effect of GST on corporate insolvency, by contrast, concerns debt recovery. Positions of the Australian Tax …
Persistent link: https://www.econbiz.de/10014210249
establishment of an international body for administering transnational insolvency proceedings. It further addresses the UNCITRAL …
Persistent link: https://www.econbiz.de/10014057179
insolvency transaction avoidance and proposes the path forward. The proposals seek to reorient the jurisprudence on …
Persistent link: https://www.econbiz.de/10014216751
Recent credit difficulties have revealed the potential inadequacies of UK insolvency regimes applicable to credit … institutions, prompting the UK regulatory authorities to consult on the possibility of insolvency reform. This article discusses … the recent credit crisis, considers the US bank insolvency regimes and reviews some of the proposals for reform of the UK …
Persistent link: https://www.econbiz.de/10014216752
favourable personal insolvency law - within the EU and with particular reference to England and Wales. After outlining the … structural features of the European legal framework that make forum shopping for personal insolvency law possible, including the … EC Regulation on Insolvency Proceedings, and explaining why England and Wales in particular has proved to be an …
Persistent link: https://www.econbiz.de/10013115988