Bankruptcy Blog Archives

A bankruptcy can help you with IRS debts, but there are rules to go with that. Most important thing with the IRS you must have filed your taxes. If you did not file the IRS has more to say in what can happen in your bankruptcy. A chapter 13 bankruptcy will stop all interest and [...]

Many clients will call and have the impression that they are not obligated to pay their property taxes while in bankruptcy. If your mortgage loan does not escrow for property taxes then you must pay your own taxes. If you filed in 2007 then our office can have 2007 and any previous years provided for [...]

By the filing of a chapter 13 it made her life better. When she came in the office she was making minimum payments on her credit cards of $550 a month and then she received a letter from the IRS for eight thousand dollars wanting a minimum payment of three hundred. The chapter 7 would [...]

If you owe for previous years taxes on non-exempt property then there may be a tax lien filed with the Internal Revenue Service and against the property. This debt will not go away by filing bankruptcy and must be provided for the in the bankruptcy plan. The Internal Revenue Service will file proof of claim [...]

Some people file Chapter 13 bankruptcy because of IRS debt that they owe. Filing a Chapter 13 will allow for them to pay the amount they owe with zero interest and it stops the penalties and interest that they are incurring without the chapter 13. Some people allow it to get too far before they [...]

If you have I.R.S.wage levy when you file Chapter 13 then the I.R.S. will immediately be contacted to advise them of your bankruptcy filing. If filing a Chapter 13 bankruptcy then the amount you owe will be provided for in bankruptcy plan for repayment to the I.R.S. If you are in active bankruptcy and receive [...]

When filing bankruptcy the Internal Revenue Service (IRS) will be notified of the filing and file a proof of claim in your case as to how much their records reflect you owe. Income taxes owed & assessed 3 years prior to filing of your bankruptcy case will be considered dischargeable. Assessed means that if you [...]

In a Chapter 13, IRS debt must get paid in the bankruptcy unless the Debtor has already made arrangements to pay them directly to the IRS and are current on the payments to the IRS under that arrangement. IRS debt for taxes filed after the bankruptcy must also get paid when it comes due, or [...]

While in Chapter 13 bankruptcy, the Internal Revenue Service (IRS) will send your refund to the office of the Chapter 13 trustee. The General Order states that any refund of $2,000.00 is to be reviewed by the Trustee’s office and they can keep any amount over the $2,000.00. For example, if your refund from the [...]

While in Chapter 13 bankruptcy case, the Internal Revenue Service (IRS) will require any debt owed to be paid in your Chapter 13 plan. This is to ensure the IRS debt will be paid in timely manner over the course of your Chapter 13 plan. If you continue to owe every year that you remain [...]