One common question bankruptcy filers often have is how their tax debts will be treated by the bankruptcy court. If you're worried about the amount of tax debt you have or have had to deal with the stress of debt collectors calling at all hours, you've no doubt considered filing for bankruptcy protection.
You can speak with a bankruptcy attorney about your options in bankruptcy. Simply fill out the form below to arrange a free, no-obligation consultation with a bankruptcy attorney today.
The way your tax debts will be treated in your bankruptcy case depends on many factors, including the type of taxes you owe, whether or not you filed your tax returns properly and what kind of bankruptcy you choose to file. Here's a look at some factors that can affect what happens to your debts to the IRS in bankruptcy.
There are certain types of tax debts that cannot be discharged in bankruptcy court (that is, the bankruptcy court has no power to excuse you from paying these debts). Here's how your tax debts might work in the two types of personal bankruptcy.
To find out how the money you owe the IRS may be affected by filing for bankruptcy, take this opportunity to speak with a bankruptcy lawyer practicing near you. Simply fill out the case review form on this page to get started.