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The filing specifications for a corporation in a bankruptcy proceeding also Really don't transform. A bankruptcy trustee, or debtor-in-possession, acquiring possession of or Keeping title to considerably each of the home or company operations of your debtor corporation, need to file the debtor's company money tax return for that tax 12 months.“I

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In Trade for shelling out some of your debts, there are many vital benefits the Bankruptcy Code offers for you, which often can make such a bankruptcy a useful choice. A Chapter 13 bankruptcy could often assist you to reduce what you pay for your automobile (including your interest rates), reduce some of your tax liabilities (such as tax penalties)

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