Tax Debt and Bankruptcy
Tax debts require a complex analysis; however, I have obtained partial tax debt discharges for hundreds of my clients.
It is a commonly believed misnomer that all taxes survive a bankruptcy discharge. There are tools we can employ to reduce your tax debts in many situations. Chapter 7 bankruptcy can discharge portions of tax debt, and Chapter 13 bankruptcy couples the discharge function with a sixty (60) month device to steadily repay the priority portion of your tax debt.
It would be a disservice to run through all of the nuts and bolts of how the Bankruptcy Code treats tax debt in all its forms. Suffice it to say I can analyze your tax situation and share with you how a bankruptcy case would affect your overall balance.