Some tax debt is dischargeable in bankruptcy.
If your tax debt is more recent, you may not be able to discharge it, but you may be permitted to pay the IRS through your Chapter 13 plan. An experienced bankruptcy lawyer can help you get IRS tax relief and stop the assessment of late fees and interest. Through a Chapter 13 bankruptcy, you will have the opportunity to eliminate your tax debt problems instead of making payments directly to the IRS only to watch your balance remain unchanged due to fees and interest.
At the Norfolk law offices of Harbour Law, PLC, we help our clients manage their debt and get IRS tax relief. Through Chapter 7 and Chapter 13 bankruptcy options, it is possible to stop IRS garnishment and IRS levy actions to obtain immediate relief.
With both Chapter 7 and Chapter 13 bankruptcies, you may be able to discharge old tax debt and stop tax penalties and interest immediately. With Chapter 13 bankruptcy, you can reorganize your debt under a three-to-five-year payment plan that you can afford and emerge at the end completely free of IRS tax debt.
At Harbour Law, PLC, we are open Monday through Friday from 9 a.m. to 5 p.m., late on Tuesdays, and by appointment on weekends. Our attorneys offer long-term payment plans to help you through this difficult time.