Tax Arrears
Let Us Help You With Your Government Tax Workout Plan
Many people don't know that some types of tax arrears owed to the state or federal government may often be included in Chapter 7, Chapter 11 or Chapter 13 bankruptcy. If you owe taxes as part of your excessive debt burden, talk to me about what options for debt relief may be available.
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For more than two decades, the Law Offices of Sari K. Kurland has been helping people solve their debt issues that result from owing back taxes, interest and penalties. When we meet for a complete, free consultation, we will assess your current tax situation and the workout plan you may have already made with the state or federal IRS. Together, we will develop a structured debt elimination or repayment plan that may include your tax arrears.
Taxes and Chapter 7 Bankruptcy
In most cases, only certain types and amounts of tax arrears can be eliminated through Chapter 7 bankruptcy. Every case is unique and we will examine your circumstances and work with the taxing authorities to determine whether you can eliminate your arrears.
Taxes and Chapter 11 Bankruptcy
Chapter 11 bankruptcy can only be filed by individuals if the total debt owed to lenders exceeds $1.1 million. In most cases, your state and federal tax arrears can be included in the supervised debt restructure and repayment plan. In most cases, interest and penalties will be reduced under the plan.
Taxes and Chapter 13 Bankruptcy
All state and federal tax arrears may be included in a Chapter 13 supervised debt repayment plan. In most cases, interest and penalties can be greatly reduced or eliminated.
The Right Lawyer — Right Now
Call us toll free at 866-935-3435 to schedule a free consultation or contact our office in Rockville, Maryland, by e-mail.
