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A Majestic Vacation: The Third Circuit Takes a Break from the Modern Trend of Including Subchapter S Elections in the Property of a Bankruptcy Estate

Cullum, C. Chadwick
Texas A&M Law Scholarship · Papers
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Subchapter S elections provide small businesses and their owners with substantial tax benefits. These elections allow the businesses to avoid taxation at the corporate level and cause the tax liability of the company to pass through to the shareholders. When a Subchapter S entity enters bankruptcy,
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