Does bankruptcy remove sales tax debt?

Answer Contemplating filing for a commercial bankruptcy for your business include considering what specific debts will be discharged through the process. For example, if you accumulated unpaid sales tax, ... Read More »

Top Q&A For: Does bankruptcy remove sales tax debt

Does filing for bankruptcy clear tax debt?

Taxes that are three years old may be discharged in a Chapter 7 Bankruptcy. The tax debt must be assessed more than 240 days before filing the bankruptcy petition. Tax fraud and tax evasion debts m... Read More »

What Debt Does Personal Bankruptcy Cover in Florida?

For Floridians with more debts than money, declaring personal bankruptcy is a way to get out from under. By filing for personal bankruptcy, you can have the bankruptcy court "discharge" your debts,... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

Bankruptcy & Tax Debt?

Once a taxpayer files for bankruptcy protection, the process for the Internal Revenue Service to collect his tax debt is left to the bankruptcy court and not the IRS. How tax debt is treated will ... Read More »