Does a Bankruptcy affect your E.A License? - Spidell

Does a Bankruptcy affect your E.A License?

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Message Board Does a Bankruptcy affect your E.A License?

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    • #224911
      Douglas Moore
      Participant

      Hello!

      I know a guy that has his own practice, who is an Enrolled Agent, who is considering filing for Bankruptcy as a result of escalated Credit Cards and Loans to get his business off the ground.   Does anyone know if a person in that situation would lose their License?

    • #225107
      Lynn Freer
      Participant

      I don’t believe so unless you owe income tax or there was some kind of fraud committed. You also must have filed all your tax returns. Doesn’t sound like a great way to get clients!

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