By Michael O'Leary | Published January 26, 2017 | Posted in Bankruptcy | Tagged Tags: asset transfers, chapter 7, income taxes, New York bankruptcy law |
Income Tax Debt Can Extend Trustee’s Time to Set Aside Asset Transfers
It is generally true in a New York bankruptcy case that the Chapter 7 Trustee has a “look back” period of six years prior to the bankruptcy filing to examine asset transfers and commence litigation to set aside any that are deemed to be fraudulent transfers. This is because the Bankruptcy Code allows a Chapter Read More
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