Legal Question in Bankruptcy in California

Owed Taxes

If I file for bankruptcy, am I still liable for owed taxes, or does the bankruptcy wipe the amout owed out?

Thank you.


Asked on 4/11/03, 6:02 pm

2 Answers from Attorneys
Jason Hsu Una Law Corporation

Re: Owed Taxes

Generally, taxes are not dischargable debts in bankruptcy. However, you may be in a position to negotiate your taxes down.

The information provided to you is of a general nature. We hope this information has been helpful to you, but you should always obtain competent legal counsel who is familiar with your specific legal issues to determine the best course of action. If we can help you in the future with anything, please feel free to contact or email us at www.unalaw.com

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Answered on 4/11/03, 9:31 pm
Mark Markus Law Office of Mark J. Markus

Re: Owed Taxes

That depends on for what years the taxes are owed, when you filed your returns, and other factors. Please see http://www.bklaw.com/taxes.html for more information on this.

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Answered on 4/11/03, 6:09 pm


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