Exceptions to the Discharge of Debts in Chapter 7
Often all your debts are discharged--legally written off--in Chapter 7. But some you might want to pay, or might not be able to discharge.
“Priority” Debts in Bankruptcy
What makes "priority" debts so special?
Dealing with a Recorded Income Tax Lien and Preventing Future Ones
Chapter 7 sometimes doesn't give much help with tax liens. But Chapter 13 hugely helps with tax liens already recorded, and stops new liens.
Income Taxes Discharged and Not Discharged in Bankruptcy
Bankruptcy DOES discharge--permanently write off--certain income taxes. It's mostly just a matter of time.
A Fresh Start for Your Home Partly Encumbered by a Tax Lien
Chapter 13 handles a tax lien on a home especially well when the home has enough equity to cover some but not all of the tax lien amount.
How Bankruptcy Handles . . . Income Tax Levies
A tax levy is an abrupt way the taxing authorities make you to pay a tax, by taking your assets or income. Stop levies through bankruptcy.
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.
New Year Resolution #8: Close Down Your Unprofitable Business While Protecting Yourself and Your Assets from Your Debts
If you've decided to close down your business, or would if you could avoid its debts, or had a way to pay its taxes, consider bankruptcy.
October Tax Season: If My Ex-Spouse Owes Income Taxes Am I Liable, Too?
You're usually completely liable on jointly filed taxes, regardless of a divorce decree saying youâre not. But the IRS may give you relief.
October Tax Season: What Happens to My Income Tax Refund If I File a Chapter 7 “Straight Bankruptcy” Case?–Part 1
You can usually keep your tax refund(s), although doing so may take some maneuvering.
Crucial Question: Can I Exclude a Creditor from My Bankruptcy Case?
In general, you must include every creditor in your bankruptcy documents. Most concerns you may have about this can be satisfied.
Tax Season: Pay Your Income Taxes by Discharging Your Other Debts
With interest rates low, it doesn't cost all that much to pay back taxes in monthly installments. File bankruptcy so you can afford to do so.
Tax Season: Pay Your Income Taxes by Discharging Your Other Debts
With interest rates low, it doesn't cost all that much to pay back taxes in monthly installments. File bankruptcy so you can afford to do so.
Tax Season: Pay Your Income Taxes by Discharging Your Other Debts
With interest rates low, it doesn't cost all that much to pay back taxes in monthly installments. File bankruptcy so you can afford to do so.
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.