If tax season is time of worry and turmoil about how much you owe Uncle Sam, or how you will ever get out from under tax debt, this post may be for you. Bankruptcy can be a helpful tool to discharge old tax debt and create a viable plan to escape crushing debt...
Tax Debt
Tax Debt: Top 5 Things to Know about Taxes and Bankruptcy
Tax Debt and Bankruptcy[/caption] It is not unusual for people find themselves in a debt situation that has gotten out of control. And if you are struggling financially, the last thing you need is tax debt and the very real possibility of dealing with the IRS. In...
Can I discharge my tax debt in a Bankruptcy?
It depends. It is not unusual for tax debt to send people into bankruptcy. If you find yourself with tax debt you cannot pay you have options. However, not all taxes are dischargeable and figuring out which taxes are dischargeable is confusing and...
The Difficulty of Eliminating Student Loan Debt via Bankruptcy
As the cost of college tuitions and related costs have soared over the last twenty years, about 1 out of 4 former students find themselves refraining from paying back their student loans at various times over the course of their loan repayment period. The prospect of...
The Non-Dischargeability of Certain Types of Debt
The primary reasons most debtors file for Chapter 7 bankruptcy protection are to rid themselves of debts which hinder their ability to get back on their feet financially. But individuals considering whether to take such an avenue need to recognize that many types of...
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