Dealing with tax debts in bankruptcy after the BAPCPA

The intended beneficiaries of the humorously titled “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” (BAPCPA) were the big banks and credit card companies — lobbying pays. The new law also helps those with alimony and child support awards. But a third winner was your friendly, neighborhood tax collector. In general, the BAPCPA makes bankruptcies more cumbersome and expensive. But it also exempts certain taxes that were previously dischargeable,…
Former IRS Special Agent, having worked in the IRS Criminal Investigation Division's office in Baltimore, Maryland. In 1980, he was named as Criminal Investigator of the Year by the Association of Federal Investigators. He holds a B.A. in Business Administration, an M.B.A., and a law degree, all from the University of Maryland. In addition to the University of Maryland, Mr. Haynes has attended MacMurray College, the University of Illinois, Southern Illinois University and Georgetown University Law School.
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