Filing Bankruptcy Due to Tax Debt
Theodore M. McGinn and Timothy M. Hughes • January 12, 2023
In this podcast, Lavelle Law Managing Partner Ted McGinn and Shareholder Timothy Hughes wrap up their series on taxes by discussing bankruptcy as an option for eliminating a tax debt. They explain what requirements need to be met and outline the advantages and disadvantages of using this tactic.
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On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.

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