If you owe the IRS money because of a non-dischargeable debt, we can help you figure out a payment plan under Chapter 13 bankruptcy which will allow you to pay your debt back over five years with no interest. Not having to pay interest can significantly reduce the time it takes for you to clear your total debt. Paying back the IRS through a Chapter 13 plan gives you some predictability and control over how you will handle your debt. If you are not proactive about your debt, you can risk wage garnishments and potential liens on your property. If you have a non-dischargeable IRS debt, you should not delay, you should contact an experienced attorney so that you may begin paying off your debt immediately.
Some income taxes are dischargeable depending on how long they have been on file and whether or not the IRS has taken any action against you. If you are involved in a Chapter 7 bankruptcy proceeding, you may be able to get your IRS debt discharged by obtaining a federal court order telling the IRS that your income tax debt has been discharged. If you are involved in a Chapter 13 bankruptcy proceeding, you can also have your debt discharged. Speak to an attorney today about how to deal with your income tax issues.
Who Can Help?
If you have been afflicted with any financial problems and are wondering if bankruptcy is the right option for you, contact NNK at 972-939-4878 for a free consultation. Bankruptcy matters are complicated and can take up to a few months to resolve, so it is important to contact an attorney as soon as possible. At NNK, we are committed to helping your achieve financial freedom and gaining control over your life.