In the last issue, we examined the income tax consequences of transfers of property to creditors in discharge of debt. In this article, the focus is on the discharge of indebtedness for debtors in bankruptcy and those insolvent who are not in bankruptcy. In the next issue, we'll examine the discharge of debt for solvent farm debtors.
Harl, Neil E.
"Discharge of Indebtedness: Insolvent Debtors and Debtors in Bankruptcy,"
Agricultural Law Digest: Vol. 1
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol1/iss10/1