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re: Mestizo files for business reorganization

Posted on 3/22/15 at 10:23 am to
Posted by VOR
Member since Apr 2009
63682 posts
Posted on 3/22/15 at 10:23 am to
quote:

discharging tax debt is a slippery slope in bankruptcy filings.


yep

quote:

He is probably better off trying to work it down by staying open unless he could liquidate with enough money to pay the debt.



The problem is selling the plan to the unsecured creditors' committee and not losing even more money during the plan.
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