Legal Question in Bankruptcy in New Jersey
Tax Obligations
We know that tax obligations survive the bankruptcy filing; however, if a single-stockholder C corporation files for bankruptcy, what, if any, is the obligation of the stockholder's spouse and surviving children should he become deceased.
Asked on 10/03/99, 7:27 pm
1 Answer from Attorneys
Robert Gleaner
Robert A. Gleaner, P.C.
Re: Tax Obligations
In general, neither a surviving spouse nor children would be responsible for the debts of the decedent husband/father. His assets, however, may be subject to seizure in order to satisfy his debts, either before or after death. In order to answer your question correctly, I would need to explore more detailed facts. I would suggest you seek the advice of an attorney. If you want to speak with me, feel free to call me at 856-546-8010. Good luck! Rob Gleaner
Answered on 10/06/99, 8:16 am
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