January 24, 2019 By:
Under Chapter 7 of the bankruptcy laws, once you qualify by taking the means test, you can permanently discharge certain debts in exchange for the sale of non-exempt assets. Some debts either cannot be discharged at all or have limited dischargeability. Family law obligations, such as child support, can never be discharged. Student loan payments require a showing of extreme hardship before discharge is allowed. Income tax arrearages can also be discharged, but only in extremely rare situations.
Here are the criteria for permanently ridding yourself of a state or federal income tax obligation:
If you successfully discharge income tax debts, you may still have legal challenges, as the discharge has no effect on any liens which have been filed at the time of bankruptcy.
I offer a free initial consultation to all potential bankruptcy clients. Contact my office by e-mail or call me at 972-772-3083 for a private meeting. With offices in Rockwall, Texas, I represent clients in Heath, Greenville, Lavon, Wylie, Mesquite and Rowlett.