2007-02-04 11:29:15 · 4 answers · asked by Noahstradamas 1 in Business & Finance ➔ Personal Finance
A bankruptcy will not cancel your IRS debt. It's the only one that will remain.
2007-02-04 11:33:03 · answer #1 · answered by itry007 4 · 0⤊ 0⤋
They're not a creditor per se. You have to add them to your Chapter 13 re-payment plan. They will be considered a "priority debt" and would be the first to be paid out of all your creditors that filed claims. If the debt is not paid in full by the end of your 3-5 year plan it would NOT be discharged. You have to pay the IRS 100% of what you owe unless you have negotiated otherwise.
2007-02-04 23:37:39 · answer #2 · answered by Jen Wolfe 1 · 0⤊ 0⤋
The only sure things in life are death and taxes. You can put them both off. But, when they come collecting nothing can stop them. You pay the IRS(KGB in disguise) before anyone and regardless of what financial shape you are in.
2007-02-04 19:58:41 · answer #3 · answered by ontopofoldsmokie 6 · 0⤊ 0⤋
No you still will have to pay it. you can't put it in your bankruptcy.
2007-02-04 19:37:34 · answer #4 · answered by misty blue 6 · 0⤊ 0⤋