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2. What is a 1099-C Cancellation of Debt form? - AOL

   www.aol.com/finance/1099-c-cancellation-debt...

   Form 982 lets the IRS know why your canceled debt should be excluded from debt forgiveness taxes so you don’t end up paying more tax than you owe. If you have questions about your 1099-C form or ...

3. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   The asset base for the insolvency exemption includes tax-advantaged retirement accounts, almost all types of which are excluded by law from the asset base in bankruptcy. [27] The asset base for the insolvency exclusion also includes assets that serve as collateral for any debt carried by the taxpayer.

4. What to know about financial insolvency

   www.aol.com/finance/everything-know-financial...

   Insolvency is a difficult financial situation, ... you can exclude $500 from your gross income. To do this, you must file Form 982. ... and avoid taking out loans you may not be able to repay.

5. Provisional liquidation - Wikipedia

   en.wikipedia.org/wiki/Provisional_liquidation

   Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]

6. Trustee in bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Trustee_in_bankruptcy

   In Canada, a licensed insolvency trustee (LIT) is an individual or a corporation licensed by the official superintendent to hold in trust and, subsequently, to distribute a bankrupt's property among the creditors in accordance with the distribution scheme under the Bankruptcy and Insolvency Act (BIA). The bankrupt and all other persons holding ...

7. How to avoid bankruptcy in retirement — and safeguard your ...

   www.aol.com/finance/avoid-bankruptcy-in...

   3. Plan your withdrawal strategy. Most retirement strategies plan for saving, not spending. So it’s not always easy to remember that there will come a time you have to spend the money you’ve ...

8. Chapter 11, Title 11, United States Code - Wikipedia

   en.wikipedia.org/wiki/Chapter_11,_Title_11...

   Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]

9. Filling out your tax forms - AOL

   www.aol.com/2015-09-08-filling-out-your-tax...

   Filling out your tax forms isn't an ideal way to spend a Sunday afternoon. Whether you fill them out long-hand, use tax preparation software or enlist the help of a tax accountant, you're going to ...