Legal Question in Bankruptcy in California
Bankruptcy
I have approximately $62,000 of combined federal and state taxes that I owe from 2005 from a capital gains tax from selling a property. Can that be included if I file bankruptcy?
Asked on 3/21/08, 11:58 am
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Re: Bankruptcy
It is too early for these tax debts to be discharged in a Chapter 7 bankruptcy. You would have to wait until at least April 15 2009 before these taxes would become dischargeable in a Chapter 7.
Answered on 3/21/08, 11:44 pm
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