This is one the lesser know advantages of filing for bankruptcy protection. As a Chicago bankruptcy attorney practicing Chapter 7 and Chapter 13 bankruptcy I am asked whether taxes can be discharged in bankruptcy. Many people are unaware that bankruptcy laws do provide certain protection against federal or state obligations. It really depends on a number of factors, including the type of taxes owed, the age of the tax obligation, and whether you have filed your return timely or not at all. If taxes are a debt that you owe a Chapter 13 can repay taxes over time for up to five years. Income taxes in some circumstances can also be discharged in a Chapter 7 bankruptcy. If you have outstanding tax liability or too much debt I am an experienced Chicago bankruptcy lawyer who is here to help you and address your concerns. Please feel free to call me at 312-489-8182 or fill out an inquiry on my website!

Marc Wagman

Attorney at law