Can I File Bankruptcy If I Owe the IRS Tax Debt?
Wondering if you can file bankruptcy on IRS tax debt? Learn when tax debts can be discharged and how bankruptcy may help manage what you owe.
Bankruptcy And Taxes In New York City
First, it is important to understand how a bankruptcy filing works. For individuals or married couples there are 2 main types of filings in New York. This first, and most common, is chapter 7 or “Liquidation Bankruptcy”. When an individual or couple files for chapter 7 a bankruptcy “estate” is created. This covers everything owned […]