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In re Wyly

In re Wyly

Ruling
Tax liability was to be determined pursuant to findings that debtor and brother committed tax fraud but the brother's widow, also a debtor, did not.
Issue(s)
Although there were numerous other issues (as was obvious from the court's more than 400-page opinion), the heart of debtors' motion and amended motion under 11 U.S.C.S. § 505 to determine tax liability, if any, largely boiled down to the court answering two questions

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Consumer opinion summary, case decided on May 10, 2016 , LexisNexis #0616-005