Using Bankruptcy to Manage Your Tax Burden: Is It Possible?
Can you use bankruptcy to manage your tax burden? Heavy tax burdens, whether it is past due state taxes or taxes due to the Internal Revenue Service (IRS), are stressful for any consumer. For most cases of tax debt, you cannot discharge those taxes through bankruptcy. While this sounds discouraging, you still have options for…
After Bankruptcy: What Steps Should I Take First?
What steps should you take after bankruptcy? You have finished your bankruptcy proceedings – now, your debts are either discharged, or you are going through the court-designated repayment program. Regardless, you have been given a fresh start with your finances, which means that you need to play it smart. A large majority of those who…