Avoiding Phantom Income in Bankruptcy: A Proposal for Reform

Authors

• Gregory L. Germain

Abstract

This paper explores the limitations and uncertainties of the current methods available to accrual method and cash method bankruptcy debtors to attempt to avoid taxation on phantom income which is earmarked for the payment of creditor claims, and points out the need for regulatory reform.

Recommended Citation

Gregory L. Germain, Avoiding Phantom Income in Bankruptcy: A Proposal for Reform, 5 Fla. Tax Rev. (2002).
Available at: https://scholarship.law.ufl.edu/ftr/vol5/iss1/4