liabilities

That didn’t happen, but the new law does offer older Americans a temporary enhanced deduction, which could offset any tax liabilities the taxpayer has on Social Security benefits.

Johnson & Johnson has attempted to shield itself by transferring liabilities related to its baby powders to a subsidiary and having that subsidiary file for bankruptcy.

It didn’t mention the billions of dollars of off-balance-sheet debt and factoring liabilities later disclosed in bankruptcy court filings, an issue some lenders are grumbling about now.

Then again, caution carries its own political liabilities.

Earlier this month, the Burbank-based nonprofit filed for Chapter 7 bankruptcy in Delaware court, saying it had $284,823 in liabilities, which include staff member salaries, insurance payments and credit card debt.