When individuals struggle with overwhelming tax debt, bankruptcy may offer a viable solution. However, not all tax debts are ...

While a Chapter 7 is commonly referred to as a liquidation, in actuality most, if not all, assets are protected," says Matthew Zimmelman, a bankruptcy attorney in Garden City, New York.

A recent study of racial disparities in personal bankruptcy results indicates that implicit bias hinders minorities’ efforts to rid themselves of debt, but trustees who oversee those cases say the ...