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{ Monthly Archives } April 2009

IRS Did Not Abuse Discretion, Tax Court Judge Rules

A U.S. Tax Court Judge on April 13 ruled that the IRS did not abuse its discretion when it applied a portion of a debtor’s 2003 income tax overpayment to 1997 tax liabilities which had actually been discharged by a Bankruptcy Judge and then sought to collect additional outstanding taxes for another year. Despite a ruling by a Bankruptcy Judge in the Western District of Kentucky which discharged James W.

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Collier Author Daniel M. Glosband Discusses the GM Bankruptcy Plan and the Limits of the 363 Sale

Prolific Collier author Daniel M. Glosband spoke recently with the Wall Street Journal Deal Journal blog about General Motor’s preferred plan for a speedy bankruptcy by splitting GM into two parts: a “good GM” containing valuable brands like Chevrolet and Cadillac and a “bad GM” containi

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The National Bankruptcy Archives at Penn Law School

   

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Collier Authors Featured in Recent GM Bankruptcy News

  As the likelihood of a GM bankruptcy has increased with reports that Steven Rattner, chief of President Obama’s auto task force, has instructed GM officials to seriously consider bankruptcy as an option, Collier authors have been featured in recent news regarding the GM bankruptcy plan.

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