Recent Posts in Taxes and IRS Issues Category
Posted on Sep 22, 2011 By Nicholas Westbrook
A Debtor in Chapter 13 Bankruptcy is required to pay all disposable income (income remaining after all expenses and deductions are accounted for) into a repayment plan over three to five years. When a ...
Continue reading "Tax Refunds After Filing for Chapter 13 Bankruptcy" »
Posted on Aug 8, 2011 By Nicholas Westbrook
Of all the creditors you are facing or may face in your lifetime, the Internal Revenue Service is the most powerful. The IRS has significant collection powers unlike anyone else. Moreover, federal law ...
Continue reading "Bankruptcy Can Help with IRS Taxes" »
Posted on Jun 5, 2011 By Nicholas Westbrook
One of the reasons people file Bankruptcy is to get a "discharge." A discharge is a Court Order, which states you do not have to pay most or all of your debts. A discharge means you no longer have ...
Continue reading "What Happens When a Creditor Forgives a Debt?" »
Posted on Feb 4, 2010 By Nicholas Westbrook
Earlier today, a potential client asked if consumer Bankruptcy could help discharge prior income taxes owed to the IRS. To answer this question, it is important to review FIVE basic rules found in the ...
Continue reading "Discharging IRS Tax Debts Through Bankruptcy" »