Political Quotes

On the recordMay 5, 1999
I was listening to the debate in my office on the Watt amendment, which would simply say that whenever the trustee or any party or any attorney requests a copy of the tax returns that that would be turned over, as opposed to having a mandatory provision requiring the filing of tax returns with a bankruptcy petition. When I practiced law, I probably had somewhere between 300 and 500 bankruptcy petitions representing petitioners, debtors and also creditors. And if we are going to require, under the present main text of this bill, the filing of tax returns, we are going to have to pass an appropriation to increase the size of the Federal courthouses in order to hold all the paperwork. So I speak in favor of the Watt amendment, if the tax return is requested by any party, that it could be turned over, as opposed to putting additional paperwork into every single bankruptcy petition that is filed.
Said by
Donald Manzullo
Illinois

Editor's note · Context

Discussing the Watt amendment related to tax returns in bankruptcy petitions.

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