Taxes are not generally dischargeable in Westland bankruptcy.
However, there are ways to clear tax debt through bankruptcy. If you happen to qualify for the Westland IRS tax debt forgiveness program, you have a chance to get back your fines, penalties, and back taxes using bankruptcy. If you’re interested, get in touch with the expert attorneys at Kostopoulos Associates so we can see if you qualify for IRS tax debt forgiveness.
To qualify, you just have to meet these requirements to be part of the IRS tax debt forgiveness program:
- Tax debts have to be reviewed by the IRS at least 240 days before filing for bankruptcy.
- Your tax returns for the debt must be on file for more than two years.
- The debt forgiveness tax you owe the IRS has to be at least three years old.
If you do meet these requirements, then filing for Chapter 7, Chapter 11, or Chapter 13 bankruptcy Westland can stop creditor collection attempts. This is due to the automatic stay which makes collection attempts illegal. If you use Westland Chapter 7 bankruptcy, you can get your debt settled in as little as 90 days after the lawsuit is filed. If you have debts that aren’t dismissed, then the IRS tax forgiveness program will continue collection attempts once bankruptcy is over.
However, you can use Chapter 13 bankruptcy to consolidate debts into one single group and set up a payment plan that allows you to pay it off in smaller installments.
Contact Detroit Bankruptcy Law to set up a free consultation with one of our expert attorneys!
If you’ve tried everything and need help to clear your tax debt, let the experts at Detroit Bankruptcy Law give you a hand. We have numerous board certifications and a wide range of expertise that we use to help bankruptcy clients throughout Southeast Michigan and Westland. Call us now for information on how to get rid of wage garnishment, tax liens, and how to get yourself payroll tax deferral forgiveness. Get in touch today so we can work on getting your tax debt dismissed.