Legal Question in Bankruptcy in Virginia
If a LLC business is to bankrupt can you also bankrupt the taxes?
Asked on 9/11/10, 5:34 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
An LLC cannot get a discharge in Chapter 7. In Chapter 11, if you reorganize, it may be possible to discharge some taxes, but it depends on the type of taxes and when they were due.
Answered on 9/25/10, 5:50 am
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