In Stratmore, (14) the Third Circuit, in reversing the Tax Court and other circuit precedent, held that interest accrued and paid after a corporate debtor's discharge in bankruptcy
is deductible by the guarantor under Sec.
Such a right is not a claim in bankruptcy and, as such, is not subject to discharge in bankruptcy
Joseph Cohen, Note, Congressional Intent in Excepting Alimony, Maintenance, and Support From Discharge in Bankruptcy
, 21 J.
Now the discharge in bankruptcy
acts as an injunction against future collection efforts.
This means that if C holds an IRA, the IRS could levy on the account after her discharge in bankruptcy
(Iannone, 122 T.