Bankruptcy Fiduciaries Must Notify Calif. Franchise Tax Board Under New Rules

Bloomberg Law®, an integrated legal research and business intelligence solution, combines trusted news and analysis with cutting-edge technology to provide legal professionals tools to be...

SACRAMENTO, Calif.--Fiduciaries in Chapter 11 bankruptcy cases must give notice to the Franchise Tax Board of their qualifications as fiduciaries beginning March 18 under new regulations that clarify notice requirements, FTB said in a Jan. 17 notice.