Tag Archives: United States bankruptcy law

Should I File BK?

Today TaxMama hears from Bruce in the TaxQuips Forum who needs to make a decision. “My business failed last year and my wife and I are mulling over whether to declare personal bankruptcy due to this.  Towards the end of the life of the business, I put a lot of money on my credit cards, […]

Bankruptcy & Freedom

Reprint of article from July 2003 And speaking of Independence Day …. I just got off the phone with a friend. She’s decided to file bankruptcy. This was a very long road for her. Like other friends, she’s a very moral person. In our generation, bankruptcy is not something we take lightly. It’s not just […]

More about Tax Bankruptcies

Today TaxMama hears from Enrique in California, who just learned something new. “I read that one can file for tax bankruptcy. If so how does one go about it? I was not sure if was true or not, and I saw your web site along with the article I read. Any help will help.”

Bankrupting Credit Cards

Today TaxMama hears from Maria in California who is concerned . “My husband and I are considering filing for bankruptcy. Can we be prosecuted for going bankrupt on a credit card we used to pay our taxes with a couple of years ago?”

Dump Tax Debt

Today TaxMama hears from Bill in Nevada who tells us. “I have a tax lien from year 2000. This was a debt that was awarded to my ex in our divorce. At the time of divorce the debt was around $500. She got it down to less than $200. and stopped paying on it. It […]

Chapter 13 Tax Discharges

Today TaxMama hears from Mark in Arkansas, who wants to know, “I have filed a Bankruptcy Chapter 13 repayment plan. Can I have my taxes dismissed in a “tax bankruptcy” even if they’re already in included my Chapter 13 filing?” Dear Mark, Chapter 13 bankruptcy is like a personal re-organization. You get to reduce some […]

Bankrupting Taxes

Today TaxMama hears from Lisa from the Tax Parlor who tells us, “I filed Chapter 7 bankruptcy in September 2003. I owed the IRS for 1996, 1997 and 2002 taxes. This was listed in my bankruptcy but the IRS has no record of it. They also say IRS debt is not dismissed. I would like […]

Tax Bankruptcies

From: Everywhere – we had about 10 questions about tax bankruptcies, this week alone. Who knows, perhaps this article re-surfaced Dear TaxMama, Is it true that you really can get rid of your taxes through bankruptcy? What is a tax bankruptcy and how can I get one? Signed… everyone. Dear Family, About three years ago, […]