Tax debt article written by Columbia lawyer Daniel Stone Bankruptcy can be very beneficial to debtors seeking tax relief. Depending on the type of tax debt and age of the debt, bankruptcy can be very helpful. The most significant gains can be seen with federal and state income taxes older than three-years-old. If the income…

Is Bankruptcy Federal or State law?  The answer is both and more!   The majority of bankruptcy law is Federal Law. Bankruptcy is authorized by the US Constitution Article 1, Section 8, Clause 4 which authorizes the Federal Government to authorize “uniform laws on the subject of bankruptcy”. Since 1801 the Federal Government has enacted bankruptcy…

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