2006-11-12 16:18:21 · 5 answers · asked by tess 1 in Business & Finance ➔ Personal Finance
It depends on the type of IRS debt it is, and when it occurred.
Generally, income tax debt that became due 3 years ago or more is dischargable.
If the debt is more recent, it is not dischargable.
If the debt stems from other types of taxes due, it is usually not dischargeable.
Consult a bankruptcy attorney, they usually offer free consultations and you can give them more detailed information so that they can give you a clear answer.
Chapter 13 bankruptcy means there will be a repayment plan, but the same rules apply if your unseured debts plan to be paid back pro rata, instead of 100%.
Again, I advise you to consult an attorney in your area.
Good Luck.
2006-11-12 16:25:13 · answer #1 · answered by strangefire2004 2 · 0⤊ 1⤋
If I were you I would seek legal assistance because it sounds like you owe the IRS.....
You might want to read up on what the IRS says about bankruptcy too.....
Check out the links below.
2006-11-13 00:28:03 · answer #2 · answered by ye 4 · 0⤊ 1⤋
No The only thing that will clear the IRS is an autopsy and it has to be yours. Pay your taxes like a good citizen
2006-11-13 00:23:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
bankruptcy of any type will not clear any tax or student loans.
2006-11-13 00:22:20 · answer #4 · answered by robkris110 1 · 0⤊ 1⤋
simple answer NOPE,,,
2006-11-13 00:24:25 · answer #5 · answered by Anonymous · 0⤊ 1⤋