Paying Income Taxes through Chapter 13
Chapter 13's advantages in paying off your priority income taxes become clearer when you see what you don't have to pay.
Avoid Income Tax Liens in Chapter 13
Chapter 7 can prevent future income tax lien recordings against your home, if the tax is truly dischargeable and you have a no-asset case.
Avoid Income Tax Liens with Chapter 7
Chapter 7 can prevent future income tax lien recordings against your home, if the tax is truly dischargeable and you have a no-asset case.
Prevent Future Income Tax Liens
Bankruptcy can prevent future income tax lien recordings against your home. The result: paying nothing on the tax vs. paying it in full.
Your Debts in Bankruptcy
Bankruptcy is about debts. Different categories of debts are treated differently. The categories are secured, priority and general unsecured.
Chapter 13 with a 2nd Mortgage, Property Taxes, or Income Tax Lien
Chapter 13 can work much better than Chapter 7 if you have a second mortgage, get behind on property taxes, or have a tax lien on your home.
Your Paid-Current Home Mortgage in Chapter 7 and 13
There are scenarios when you are current on your home mortgage and are dealing with other home-related debts where Chapter 7 works well.
Dealing with Recorded Tax Liens through Chapter 13
A recorded tax lien gives the IRS/state a lot of leverage against you and your home. Chapter 13 can gain you back some of that leverage.
Buy Lots More Time to Deal with Multiple Years of Income Tax Debts
If you have an income tax debt that qualifies for discharge and also some tax debt that doesn't, Chapter 13 is often your best option.
Chapter 7 Permanently Prevents Tax Liens against Your Home
Filing a Chapter 7 case prevents tax liens from hitting your home, and so avoids a dischargeable tax from turning into one you must pay.
Special Debts that Can’t Be “Discharged” under Chapter 13
Bankruptcy can't write off certain kinds of debts. Chapter 13 enables you to prevent liens hitting your home from those debts.
How Chapter 7 Deals with Special Debts that Can’t Be “Discharged”
Bankruptcy can't write off certain kinds of debts. Chapter 7 may give you enough help to avoid liens on your home from those debts.
Ten Ways to Keep Your Home through Chapter 13
These 10 tools, especially used in combination, can defeat your mortgage debt and other home-based challenges.
Prevent a Creditor with an Unsecured Debt from Turning it into a Secured Debt
Because of Chapter 13's much more powerful automatic stay, its ability to prevent judgment liens and tax liens is extremely valuable.
Beating a Recorded Income Tax Lien on Your Home
Once an income tax lien is recorded, Chapter 13 gives you a tool that may enable you to pay no more and yet get a release of that tax lien.
