Discharging Tax Debts In Bankruptcy

There are a lot of bankruptcy myths regarding tax debt. Before you make any important decisions about your financial future, make sure you find out what your rights and options really are. An experienced lawyer can set the record straight and help you learn about discharging tax debts.

At the Royal Oak and Flint offices of Bidwell Tovarez PLLC, we help clients throughout the Greater Detroit area get rid of their tax debt as they go through the bankruptcy process.

Yes, Some Tax Debts Can Be Erased

Many people believe that they cannot discharge their tax debt in bankruptcy. That is not true. While many taxes are not dischargeable, it is possible to discharge older tax liabilities. Tax debts due for the past three years from the date you file for bankruptcy cannot be discharged.

State and federal income tax more than three years old may be discharged through bankruptcy if you properly analyze your tax obligations.

If you are considering filing for bankruptcy, do not put yourself in the hands of a bankruptcy firm that gives you cookie-cutter treatment. It is easy to tell clients that taxes cannot be discharged. While that may be a good general rule of thumb, it is not accurate. We will take the time to assess your tax situation and maximize the debt you are able to discharge.

Our attorneys are dedicated to bankruptcy law and we understand the full range of options available to our clients. We will make sure you understand which of your tax debts can be discharged and which ones you have to pay. We will dispel all bankruptcy myths and make sure you come up with a plan tailored to your needs.

We're Dedicated To A Brighter Future For You

Dedicated to providing a fresh start for our clients, we will do everything possible to make sure you come up with the best possible financial plan for your unique circumstances. From our offices in Royal Oak and Flint, we help clients across Michigan get the facts about bankruptcy and tax debt. Call 248-237-3718 or contact us online today for a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.