How Tax Debt Is Handled In Bankruptcy

Posted on: 9 March 2016

If you are having a difficult time paying your bills and catching up on tax debts you owe the IRS, filing for bankruptcy might offer you some relief. Chapter 7 bankruptcy and Chapter 13 bankruptcy can both offer relief for tax debt in some cases, but it will depend on the conditions of the tax debt you owe and on your personal situation. Here are several things you should know about bankruptcy, tax debt, and the way debts are classified in bankruptcy.
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