Will bankruptcy absolve you of tax debt?
October 16, 2007 4:06 PM Subscribe
Will filing for bankruptcy absolve you of tax debt?
posted by jotrock to law & government (13 answers total) 3 users marked this as a favorite
I owe a lot of money in back taxes, in addition to some other extremely large financial burdens that I won't get into now. The debt is from 2003 and 2004. I set up a payment program with the IRS and have kept up with the payments for about a year now. Now I'm on the brink of other financial difficulties and wondering if Chapter 7 will get rid of my tax debts as well. Even a bankruptcy lawyer I spoke with wasn't sure! The laws changed in 2005 and nobody seems to know what's going on now!