310.376.9865 You are filing bankruptcy, and a portion of your debt is back taxes. Your bankruptcy attorney has advised you that you have to jump through some hoops for the taxes to be dischargeable. OK, let’s assume you meet the 5 delineated qualifications and your tax liabilities will be discharged. So, everything is good,
310.376.9865 Los Angeles and Riverside Bankruptcy Attorneys have noticed a new development between the Bankruptcy Trustee and the Banks, whereby the banks agree to let the Bankruptcy Trustee sell the debtor’s (person who has filed bankruptcy) house in a “short sell.” Scenario: 1. Debtor purchase a house at the top of the market for $400,000