Legal Question in Bankruptcy in California
Discharging IRS Obligation
I am preparing to file Chapter 7 Bankruptcy. I have IRS taxes and penalties due that are more than 3 years old. I understand that these can be discharged. Precisely HOW do I go about doing that? Should the IRS be listed as one of my creditors in my bankruptcy filing?
1 Answer from Attorneys
Re: Discharging IRS Obligation
Tax discharge is a very complicated area. If your taxes are in fact dischargeable (and I am expressing NO opinion based on your facts as to whether or not they are), then they will be discharged along with your other dischargeable debts if and when you receive your discharge. As to whether you need to list them as a creditor, yes, you need to list all assets and all debts in any bankruptcy. For more information about dischargeability of taxes in bankruptcy, visit my webpage under the CH. 7 link at http://www.bklaw.com/.
If you desire representation, feel free to give me a call.
Sincerely,
Mark
Related Questions & Answers
-
Assests when bankruptcy is filed and a person has a retirement savings, is that... Asked 1/03/01, 11:07 pm in United States California Bankruptcy Law
-
Ability to discharge second mortgage I have tried to get the second and third... Asked 12/23/00, 2:25 am in United States California Bankruptcy Law
-
Bancruptcy and my credit report I had gone to a parallegal and prepared all the... Asked 12/14/00, 11:56 am in United States California Bankruptcy Law