South Atlanta Bankruptcy Blog
If you are one of the millions of Americans struggling with insurmountable debt and financial stability, then you have come to the right place for help. South Atlanta Bankruptcy's attorneys Gina Karrh and H. Brooks Cotten will be using this blog to provide information about bankruptcy. Don't hesitate to call us TODAY!
Blog posts tagged in Tax Debt
Some, but not all, old tax debt can be wiped out (“discharged”) in a Chapter 7. (In some, but not all, Chapter 13's, that same debt can be paid less than in full...pennies on the dollar).
Tax debt can be wiped out in Chapter 7 if, but only if, all of the following are true:
1) The debt is for personal income taxes (not, for example, business trust fund taxes like