It's a matter of timing. And that timing depends on whether you previously filed under Chapter 7 or 13, and what you are filing under now.
If you're considering filing bankruptcy, what debts can you incur and which should you avoid? What are the possible consequences?
Usually if you don'='t list a debt, it doesn't get discharged. An exception is if the creditor still learns about your case, on time.
Writing off a student loan in bankruptcy requires showing "undue hardship." What is that?
With smart timing you can discharge--legally and permanently write off--more income tax debts, even with a standard Chapter 7 case.
Because of financial tweaks to the Bankruptcy Code, as of April 1 you are a little less likely to have to repay some of your recent use of credit cards.
To avoid owing income taxes April 15 of NEXT year, file a partial-year tax return and pay the tax on it through your Chapter 13 case.
If you had struggled to keep a business open, but have decided to throw in the towel, there's a good chance you owe taxes. Here's how to deal with them.
The IRS is just another creditor that you can get immediate protection from by filing bankruptcy. With some exceptions.
With the income tax return filing deadline of April 15 now one month away, here is our effort at making taxes interesting.
If you can't discharge your income tax debt through Chapter 7, or make workable payment arrangements on your remaining tax debt, then Chapter 13 can be a good solution
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.
Here are the other three hurdles your tax debt has to jump over to be forever written of in bankruptcy
Your tax debt has to jump over 4 hurdles to be forever written off in bankruptcy. But if it does, that tax is history.
Two fun topics: taxes and bankruptcy! Seriously, they can be a very good combination.