Taxes are not usually dischargeable in bankruptcy.
That doesn’t mean that they never are. By filing for bankruptcy Southgate through the skilled bankruptcy attorneys at Detroit Bankruptcy Law, we’ll help you get back your interest payments, back taxes, and fines. You can get this money back by meeting the standards for the IRS tax debt forgiveness program Southgate. Ask for help from the experts at Kostopoulos Associates and we can check if you qualify for tax forgiveness.
Here are the requirements to qualify for IRS tax forgiveness Southgate:
- Tax debts need to be reviewed by the IRS at least 240 days before filing for bankruptcy.
- Your tax returns regarding the debt must be on file for at least two years.
- The debt forgiveness tax you owe the IRS must be at least three years old.
By meeting these requirements, you’ll be able to have IRS tax debt cleared once you file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy Southgate. While your bankruptcy is active, it’s illegal for creditors to try and contact you at all even if it’s for debt collection. In many cases, we see our clients debts cleared within just 90 days of filing the lawsuit. If your entire debt isn’t forgiven, then the IRS tax debt forgiveness program is likely to keep pursuing your debt after bankruptcy.
The automatic stay that bankruptcy activates will protect your assets from creditors, so you never have to sell them in order to pay a debt. Chapter 13 bankruptcy Southgate allows you to create a payment plan that consolidates your debt into one and gives you a smaller, more manageable monthly payment. Sometimes, people get their tax debt dismissed through Chapter 13 bankruptcy.
Contact Detroit Bankruptcy Law to schedule a free consultation
For decades, people throughout Southeast Michigan have come to Detroit Bankruptcy Law for financial and legal help We’re experts in all areas of bankruptcy, so you can use our wealth of expertise to get the best result possible. We’ll get you the most debt relief you can get by carefully planning and executing your bankruptcy process. If you are interested in hearing more about bankruptcy’s ability to get debt relief, get in touch with Detroit Bankruptcy Law today for a free consultation!