fresh start adjustment
fresh start adjustment 〈美〉重新开始调整 1976年后死亡之人的财产所得税的税基通常将结转至继承人的财产。而「重新开始调整」则允许将自死者获得财产之日至1976年12月31日期间该财产的增值增大税基。「重新开始调整」只适用于继承人在以后处分其财产时确定所得税收益之目的。
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Search Results for: FRESH START
fresh start
fresh start. Bankruptcy. The favorable financial status obtained by a debtor who receives a release from personal liability on prepetition debts or who reorganizes debt obligations through the confirmation and completion of a bankruptcy plan. [Cases: Bankruptcy 2363. 1.]
fresh start
fresh start 〈美〉重新开始 根据《联邦破产法》〔Federal Bankruptcy Act〕，破产债务人被免除了先前的债务后，允许其重新开始。然而，并非所有债务在破产中均可免除，1978年《破产改革法》〔Bankruptcy Reform Act〕规定，有九类债务在破产程序结束后仍需承担清偿责任。
chapter 7
Chapter 7. 1. The chapter of the United States Bankruptcy Code allowing a trustee to collect and liquidate a debtor’s nonexempt property, either voluntarily or by court order, to satisfy creditors. [Cases: Bankruptcy 2251. C.J.S. Bankruptcy § 50.] 2. A bankruptcy case filed under this chapter. • An individual debtor who undergoes this type of