Taxes in Bankruptcy and the Two Year Rule There is a common misconception that taxes cannot be discharged in bankruptcy. However, if you owe taxes… Read More »Discharging Taxes and the Two Year Rule explained
Taxes and Bankruptcy Taxes are generally not dischargeable, however, there is an exception. You can discharge taxes if the following rules are met: a) The… Read More »Can Tax Debt be Discharged in Bankruptcy
Cancellation of indebtedness occurs when creditors forgive debt. This situation commonly arises when credit card companies settle debts and accept less than what the debtor… Read More »Tax Implications for Canceled Debt in Bankruptcy