Chapter 13 Conquers Both Older and Newer Income Taxes
If you owe a number of years of income tax debt, Chapter 13 allows you to favor those taxes that have to be favored, while dumping the taxes that can be dumped. In my last blog I gave an example showing how Chapter 13 can be an extremely good way to handle income tax debts […]
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.
Bankruptcy CAN Help Resolve Your Business Tax Debts
You might have heard that bankruptcy cannot help with taxes. Especially with business taxes. That’s often not true. Let’s clear up some of the myths about this. Myth: Bankruptcy does not write off (legally “discharge”) taxes. Truth: While it is true that SOME taxes can’t be discharged, many others CAN be. The law is complicated. […]