Ohio Chapter 7 Lawyer Gary A. Billig Serving Fairfield and Southwest Ohio
Are you in the process of deciding whether to file for a Chapter 7 or Chapter 13 personal bankruptcy? Unpaid tax debts are a major issue for many people in dire financial straits. If you have unpaid taxes and want to know whether bankruptcy can alleviate your financial woes, an experienced lawyer can counsel you as to your options. Fairfield attorney Gary A. Billig has practiced law for 35 years and can give you the sound guidance you need.
Are Tax Debts Dischargeable in Bankruptcy?
You may have been told that taxes cannot be discharged in bankruptcy. This is certainly true some of the time, but by no means all of the time. While payroll taxes can never be discharged in bankruptcy, income taxes can be discharged under certain circumstances. If you have unpaid tax debts that you:
- Have owed for more than three years, and
- You filed tax returns on these debts, and
- The tax debt was assessed by the IRS at least 240 days before you file bankruptcy
In addition, if you have tax liens on your property, bankruptcy will not discharge these liens. Our law firm will look closely at the specifics of your situation and help you determine whether bankruptcy can you the debt relief you need.
Contact Us
Call today to speak with Gary A. Billig about the impact of your bankruptcy on your tax standing. 513-275-1672 is the number to call. We respond promptly to e-mail and fax messages.
We are a debt relief agency counseling clients according to the federal Bankruptcy Code.
