Tackle Taxes In Bankruptcy

football tackleBankruptcy’s automatic stay stops the IRS and state tax authorities as well as the run-of-the-mill creditors.

All creditors must cease collection actions after a bankruptcy is filed.

If you’ve gotten a notice of intent to levy or even if the IRS has served a wage garnishment, it is not too late to file bankruptcy.

After you’ve filed, collection action must stop.

Wiped out?

Whether taxes and tax liens survive the bankruptcy discharge depends on the chapter you’ve filed and the age and other characteristics of the tax.

More about taxes in bankruptcy

How bankruptcy treats taxes

Chapter 13 instead of offer in compromise

Bankruptcy & tax FAQ

Tax liens in bankruptcy

Bankruptcy is tax free

Image courtesy of Alana Holmberg

About the Author
 
 
Northern California bankruptcy lawyer Cathy is a 30+ year veteran of bankruptcy practice in the Silicon Valley. She is know for energetic representation of clients and her command of bankruptcy law.