Posts

Showing posts with the label Bankruptcy Taxes

Can The Government Come After You For Back Taxes If You File Bankruptcy?

Image
Can the government come after you for back taxes if you file bankruptcy? Min Austria Assistant at Ascent Law LLC The government can come after you for back taxes if you file for bankruptcy—it's just a matter of when. When you file for bankruptcy, the court will discharge all of your debts. But under certain circumstances, the government can come after you for unpaid taxes that occurred before you filed for bankruptcy. In general, the government can only collect unpaid tax debt after you file bankruptcy if you can afford to pay it. If you are able to pay back taxes in a Chapter 13 bankruptcy plan, the government can be included in your repayment plan and repaid along with other creditors. If you cannot pay back taxes or other debts through a Chapter 13 bankruptcy plan, then the government will collect from any nonexempt assets that you own. This is only a brief summary and should not be used as legal advice. If you are considering bankruptcy and have specific questions about how it ...