Helping People Through Income Tax Debt
There may be no other time of year that people find more stressful than tax season. This can be especially true for people who are already struggling to make ends meet. For these people, having to come up with a lump sum of cash to pay their taxes can force them into severe financial hardship.
For many of the clients we represent at Advanced Bankruptcy Legal Services of Connecticut, tax debt is one of the primary obligations that is holding them back. Most of them are not aware that certain tax debts can be discharged in Chapter 7 or Chapter 13 bankruptcy.
Even if they can’t be discharged, some income tax debts can be repaid as part of a Chapter 13 repayment plan for up to five years.
Skillful Representation From Experienced Lawyers
In most cases, income tax debt that is more than three years old can be discharged in bankruptcy. However, certain criteria must be met. During your free initial consultation, our attorneys will let you know whether your tax debt is eligible to be discharged.
If it cannot be discharged, bankruptcy can help you eliminate other debt to free up the funds to repay your tax debt.
Consumer bankruptcy can help you obtain relief from your income tax debts in several other ways. Facing financial challenges can be overwhelming regardless of the type of debt you owe. When some of those debts are owed to the federal government, however, it can make the situation much more intimidating.
We take the time to review your finances and develop a plan that provides the fresh start to which you are entitled under the law.
Schedule A Free Initial Consultation About Income Tax Debt
We understand that income tax debt can be overwhelming, but there is a way out. We serve the state of Connecticut. Call our New Britain office at 860-674-8003 or our Bloomfield office at 860-242-0574 or email us to schedule a free consultation.