Bankruptcy: The Fraud Exception

Bankruptcy: The Fraud Exception While the general rule is that a person who files for bankruptcy is relieved from all debts incurred by that person before the filing of the bankruptcy, as with all general rules, there are exceptions, and one of those exceptions has...

Real Estate Tax Sale Purchaser Cutoff by Bankruptcy

The Seventh Circuit Court of Appeals ruled in early 2014 that an Illinois tax sale purchaser was bound by the taxpayer’s Chapter 13 bankruptcy plan even though he was not listed as a creditor. The Illinois tax sale process is similar to that in Indiana in that...