Don't assume that just because your income taxes are too new to be written off that 1) bankruptcy can't help, or 2) only Chapter 13 can help.
How to avoid getting tripped up in a trap set by Congress supposedly to prevent bankruptcy abuse.
Protect your business assets immediately with the "automatic stay" and permanently with property exemptions.
Careful: if your business is not a sole proprietorship, legal disputes against your business are not "stayed" by your personal bankruptcy's "automatic stay."
Ongoing litigation, or the threat of it, against you and/or your business usually dies with your bankruptcy filing.
Closing down a failing business can be a lot smoother with a Chapter 7 case.
Filing Chapter 7 bankruptcy in the midst of letting go of your home can be a smart combination.
Chapter 13 protects you while you catch up on your vehicle loan, or you may not need to catch up on that loan at all.
If you expect to owe 2012 income tax, you may be able to take care of it simply by paying less to your other creditors.
One advantage of filing a Chapter 13 case is that you can get out of it at any time. But what happens if you do dismiss your case?
Filing bankruptcy with or without your spouse, and under Chapter 7 or Chapter 13, may affect what protections you each receive.
Filing bankruptcy with or without your spouse affects the discharge of debts you each receive, and also affects whether you file under Chapter 7 or 13.
Filing bankruptcy with or without your spouse affects the protection from creditors each of you receives, and also affects whether you file under Chapter 7 or 13.
Chapter 7 often protects you from creditors well enough. But if need be, Chapter 13 protects you longer.
"Straight" Chapter 7 bankruptcy can give some relief for dealing with your back and current income taxes, but Chapter 13 can help so much more.