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Using Chapter 13 Bankruptcy to Regain Control of Tax Debt

Chapter 13 Bankruptcy and Your Tax Debt If you're seeking a solution to help manage tax debt then Chapter 13 bankruptcy may be something to consider. It often depends on the type of debt in question, along with other financial obligations of the debtor. You may even gain an advantage using Chapter 13 to handle [...]

By |2019-01-23T08:29:20-05:00May 20th, 2013|Debt and Tax Relief|Comments Off on Using Chapter 13 Bankruptcy to Regain Control of Tax Debt

Getting Money Back From Garnishment After Bankruptcy

Garnishments are a legal actions enforced by the court to allow creditors to collect on outstanding debt. The most common is wage garnishment when funds are deducted from paycheck earnings. Bankruptcy may stop pending and active garnishment activity against you.  When bankruptcy is filed an action called the automatic stay goes into effect. The stay [...]

By |2018-11-13T19:49:58-05:00February 8th, 2013|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Getting Money Back From Garnishment After Bankruptcy

Can Bankruptcy Protect My Income Tax Refund?

Does Bankruptcy Protect Income Tax Refunds? January through April is tax season and like many consumers you may be anticipating a tax refund.  If you plan on filing bankruptcy during this time period, you may have concerns about how you can protect your refund from creditors.  While many debtors may not want to disclose they [...]

By |2017-12-13T00:28:49-05:00February 6th, 2013|Debt and Tax Relief|Comments Off on Can Bankruptcy Protect My Income Tax Refund?

Can Bankruptcy Be a Solution for Curing Tax Debt?

Taxpayers are often under the impression they cannot discharge tax debt .  While bankruptcy is a powerful legal tool that may help you gain control of your finances and eliminate qualifying debt, it can help discharge tax debt in certain circumstances. There are different types of tax debt consumers deal with, yet in bankruptcy income [...]

By |2018-11-07T23:13:00-05:00January 16th, 2013|Debt and Tax Relief|Comments Off on Can Bankruptcy Be a Solution for Curing Tax Debt?

Can Bankruptcy Stop Collection Attempts from the IRS?

Bankruptcy may stop collection attempts from the Internal Revenue Service (IRS), but depending on taxes owed and the chapter you file, it may only be temporary.  The automatic stay in bankruptcy helps halt collection attempts from creditors including the IRS.  It also helps stop legal proceedings such as wage garnishment . The automatic stay prevents [...]

By |2018-11-16T18:55:57-05:00December 12th, 2012|Debt and Tax Relief|Comments Off on Can Bankruptcy Stop Collection Attempts from the IRS?

How Can Chapter 13 Bankruptcy Help With Tax Debt?

Chapter 13 Bankruptcy and Tax Debt Chapter 13 bankruptcy is a repayment plan approved by the court.While the filing may not allow for elimination of all outstanding taxes owed, you may be able to discharge some of the debt at the end of your case. Chapter 13 can help you repay tax debt within 3 [...]

By |2017-12-13T00:29:23-05:00August 30th, 2012|Debt and Tax Relief|Comments Off on How Can Chapter 13 Bankruptcy Help With Tax Debt?

How Waiting to File Bankruptcy May Discharge Tax Debt

Many are under the impression that tax debt cannot be discharged through bankruptcy.  Yet, tax debt could qualify for elimination under certain conditions in either Chapter 7 or Chapter 13 bankruptcy . Tax debt may be eligible for discharge under these requirements: Three years before filing your petition your taxes were due.  The timing may [...]

By |2018-11-08T23:23:06-05:00August 29th, 2012|Debt and Tax Relief|Comments Off on How Waiting to File Bankruptcy May Discharge Tax Debt

Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Credit card companies may file a lawsuit to enforce legal ways to collect from debtors when accounts go unpaid.  If the credit card company itself doesn't pursue collection, then a collection agency may decide to pursue if they purchased the debt from the original creditor.  Unless you provide evidence that the debt has been paid [...]

By |2018-11-16T07:14:31-05:00July 30th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Tax Settlement: 6 Solutions to Resolve Tax Debt

Solutions to Resolve Tax Debt The Internal Revenue Service (IRS) offers multiple methods for taxpayers to settle their tax debt .  Many find it easier to just ignore what they owe but this only makes things worse.  The longer you put off paying your taxes the more you will owe penalties and interest. If you [...]

By |2017-12-13T00:30:18-05:00July 4th, 2012|Debt and Tax Relief|Comments Off on Tax Settlement: 6 Solutions to Resolve Tax Debt

Can I Discharge Unpaid Income Taxes in Bankruptcy?

Bankruptcy and Unpaid Income Taxes Certain income tax debt may qualify for discharge through bankruptcy but you need to have your income taxes filed. It is unlikely bankruptcy will wipe out unfiled tax debt but there are specific requirements that need to be met in order for tax debt to be successfully discharged. Chapter 7 [...]

By |2017-12-13T00:30:38-05:00June 29th, 2012|Debt and Tax Relief|Comments Off on Can I Discharge Unpaid Income Taxes in Bankruptcy?