Chapter 13 Is a Very Useful Tool for Tax Debt.
Here's why you usually don't pay more in a Chapter 13 case to get rid of taxes that you could simply write off in a Chapter 7 case.
Tag taxes
More Fun Tax Facts–the Wealthiest 400
Found so much interesting about taxes that wouldn't fit into our last blog, so had to give you more. Such as the income and taxes of the wealthiest tax return filers.
Reasons to File a Second Bankruptcy Even If Too Early to Get a Discharge of Your Debts
You can file a new bankruptcy immediately after finishing another one, but why would you?
Bankruptcy Can Do So Much More Than Just Wipe Out Your Debts–But That’s Not A Bad Start
Chapter 7 gives you a fresh financial start by legally erasing your debts. That's enough if your debts are simple ones.
Help! I Just Filed My Taxes on October 15, Owe a Lot, and Hear that Chapter 13 Can Help a Lot
"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.
Help! After Getting an Extension to October 15, I Just Filed My Taxes and Owe Tons!
If you were already on the financial edge and just found out you owe a bunch of income taxes, here is how bankruptcy can help.
Help! I Just Got a “Final Notice of Intent to Levy” from the IRS!
If you owe income taxes, and are at the point that the IRS is about to seize your assets, you need to consider bankruptcy. It can help in surprising ways.
Dramatic Examples of How Bankruptcy Can Be a Good Idea Even if It Can’t Write Off Every Debt
Here's how bankruptcy actually works, and works well, even when a significant debt or two can't be written off.
The U.S. Supreme Court’s Health Care Decision
Even without mentioning the word "bankruptcy," the most important court decision in years may still have a huge effect on future bankruptcies. How? Possibly by greatly reducing the need to file bankruptcies resulting from medical debts.
Sometimes an Attorney Cannot Tell You Which Debts will be Discharged under Chapter 7, until S/He Conducts an Adequate Investigation into the Debt.
Most of the time your attorney will know which debts will be legally written off in your bankruptcy. But not always, for two reasons.
What Happens to Your “General Unsecured Debts” in Chapter 13?
In most Chapter 7 "straight bankruptcies," most debts are legally written off, especially debts that are not secured by any collateral and don't belong to any of the special "priority" categories of debt. But how about in a Chapter 13 payment plan? What determines whether these creditors get paid, and if so how much?
The Most Basic Concept in Bankruptcy: Debts
The most practical questions you likely have if you are considering bankruptcy is what it will do to each of your debts.
Getting a Handle on Your Income and Business Taxes Through Bankruptcy While Your Business Forges Ahead
Could your small business survive and even thrive if you could just get better terms for payment of your back tax debts?
Pre-Bankruptcy Tax Strategies
Get the maximum benefit from your bankruptcy against your taxes by following these sophisticated strategies.
