2
votes
1answer
25 views
S-Corp Bankruptcy
S-Corp liquiation.
Please give me your thoughts on how to handle the s-corp inventory.
One of the two shareholders filed for bankruptcy. I am closing out the scorp. The only real …
1
vote
1answer
21 views
Judgement for future rent
My client went out of business and closed their shop at a local shopping center.
The landlord sued for breach of contract and unpaid future rent.
The Landlord was awarded five ye …
1
vote
4answers
44 views
Selling forclosed business back to owner after he declares bankruptcy
I have a client who sold his business (building, property, equipment, etc) on an installment basis to an S corp in 2006.
The sole stockholder of that S corp is now filing personal …
1
vote
2answers
22 views
Bankrupt: Two LLCs and one personal. What forms need to be completed?
Taxpayer had two (partnership) LLCs. One of the LLCs was a drycleaning business and one of the LLCs was a (non-residential) real estate rental business.
Both LLCs and the individ …
