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To: Kenneth V. McNutt who wrote (62454)1/15/2000 4:39:00 PM
From: Lynn  Read Replies (2) | Respond to of 152472
 
OT Kenneth:

But if one declares bankruptcy after one has "paid" one's taxes on a credit card, doesn't the tax payer basically get his tax paid for free? The idea of charging one's taxes, the credit card company pays the IRS, the person diddles around with the credit card payment then bingo--declares bankruptcy.

One of my neighbors had to declare bankruptcy this past fall after using credit cards to start a business (very, very stupid) that then went under. His lawyer told him to max out every credit card in his possession before filing. For someone who pays quarterly taxes, couldn't a lawyer suggest maxing out the credit cards making IRS payments?

So many people get in trouble with credit cards that I do hope there is some provision that people who made tax payments on a card and then declare bankruptcy still have to pay back the credit card company for the taxes they charged.

Lynn