discharge tax debt: When to Consider Bankruptcy for Tax Debt Relief
- 02/28/23 02:04 PM
Tax debt can be discharged through bankruptcy under certain circumstances. However, it's important to understand that not all tax debts can be discharged through bankruptcy. The rules regarding the discharge of tax debt in bankruptcy are complex and depend on several factors. Because it is a quicker process and does not require debt repayment, Chapter 7 bankruptcy is probably the better option if you need to discharge tax debts. But not everyone has access to Chapter 7. Your tax debt must qualify for a Chapter 7 bankruptcy discharge, and you must be eligible for Chapter 7 bankruptcy. In general, tax debts may be … (11 comments)
Tax debt can be discharged through bankruptcy under certain circumstances. However, it's important to understand that not all tax debts can be discharged through bankruptcy. The rules regarding the discharge of tax debt in bankruptcy are complex and depend on several factors.
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