Posts tagged as #bankruptcy

If a person files for bankruptcy, they may not have to pay all of their income taxes. The government may agree to let them pay the taxes over time, or the taxes may be discharged as part of the bankruptcy.

There are a few key things to understand about tax debt and bankruptcy. The first is that tax debt is treated differently than other kinds of debt in bankruptcy. The second is that there are a few different ways to deal with tax debt in bankruptcy, including including the tax debt in your bankruptcy petition, paying off the tax debt in bankruptcy, or negotiating a payment plan with the IRS.

Be sure to choose a bankruptcy attorney with experience, who is available to answer your questions, and with whom you feel comfortable.

Bankruptcy is a legal proceeding that can provide a fresh start for people who can no longer pay their debts. It is not a crime, and you are not a bad person if you file for bankruptcy, But consider Bankruptcy can have a negative impact on your credit score

Bankruptcy can provide a fresh start by wiping out some or all of your debts, but it's not right for everyone. There are certain debts that can't be discharged in bankruptcy, and it can have a negative impact on your credit score.