Ordinarily, an individual’s debts may be discharged in Chapter 7 bankruptcy under Bankruptcy Code Section 727. However, under Section 523(a)(19)(A)(i), a debt may not be discharged if it results from a violation of state or federal securities . The question in this case is whether the exception to discharge in Section 523(a)(19)1 applies when the debtor…Read more
9th Circuit Court of Appeals Bankruptcy Decision – In re Jones (California Franchise Tax Board v. Kendall)
The opinion filed July 12, 2011 is withdrawn and replaced with the accompanying opinion. See the July 12, 2011 opinion here. Because Jones’s tax debt arose more than three years before she filed her Chapter 7 bankruptcy petition, it would be discharged unless the lookback period was suspended by statute. The lookback period is suspended…Read more
