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Version vom 26. Februar 2025, 10:15 Uhr
Ask ten people seeking can discharge tax debts in bankruptcy and you will get ten different causes. The correct answer is that you can, but only if certain tests are seen.
There is definitely an interlink between the debt settlement option for the consumers and also the income tax that the creditors pay to the govt. Well, are you wondering when thinking about the creditors' tax? That is normal. The creditors are profit making organizations plus they make profit in way of the interest that sum from you. This profit that they make is the income for the creditors so that they need to spend taxes for the income. Now when loan settlement happens, salary tax that the creditors obligated to pay to the government goes together! Wondering why?
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