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Yes...and generally granted to the jurisdicition...but penalties are frequently dismissed.
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∙ 15y ago
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Is an unsecured non priority still a debt owed?
It is owed until it is discharged in bankruptcy or paid, either in full or as a settlement. Technically, the debt is owed after discharge in bankruptcy, but the creditor or its agents and successors in interest are permanently enjoined from any collection activities.
Can you include taxes owed from 2008 in a Chapter 7 bankruptcy filled in 2009?
Yes
Can you file bankruptcy on state and federal imcome taxes?
No you cant file on anything owed to government.
Can an LLC claim bankruptcy if it owes state taxes?
Any corporation can file for bankruptcy, whether or not it owes taxes. If the corporation is to be liquidated, any taxes it owes are the first priority to be paid, before the debts owed to others.
Can you include taxes owed from 2007 in a Chapter 12 bankruptcy filed in 2008?
I believe you pretty much have to.
Does interest owed to the Internal Revenue Service stop accruing during Chapter 13 bankruptcy?
Typically a Chapter 13 bankruptcy will require you to enter into a payment plan with the IRS, and interest will be frozen as of the date that you file your bankruptcy petition.
Can you go bankrupt in IRS?
The IRS does not like its agents to file for bankruptcy, so I understand. If you're asking if you can discharge taxes owed to the IRS, the answer is, maybe. If the tax is income or certain property taxes, and if the income tax owed was determined more than 3 years prior to filing - and if you were not concealing income - those taxes can be discharged. You should really consult a bankruptcy lawyer who knows about taxes.
Do you have to file your mortgage interest on taxes?
This is a deduction in your favor so you should. It will bring down your tax owed.
What is a charged off loan when connected to Chapter 13 Bankruptcy?
A charge-off is a tax-related matter and has nothing to do with bankruptcy. The debt is still owed.
Can monies owed to the state of Maryland but not taxes be discharged in bankruptcy?
To be certain of the status of such debt you should check the state statutes if filing a state bankruptcy. If it is a Federal filing, debts owed to any state department or affiliate is only dischargeable in relation to the type of debt and when it was was incurred.
What happens to my owed back taxes when I retire?
You still owe them. In the US, the IRS has 10 years to collect taxes.
If you file bankruptcy and include the car can the creditor still garnish your wages or collect the outstanding balance owed?
This is a good question to ask your B/K attorney for state specific and case specific advice.Not at all,once fou file for bankruptcy all of your debts will go away and any garnishments (except back taxes)will stop, back taxes you owe are not accepted on a bankruptcy case,the rest is ok.
