Back Taxes and Bankruptcy
If you fail to pay your income taxes, the IRS can place attachments on your bank accounts and seize enough funds to pay your debt. To protect your assets, you need to take immediate action.
At the Law Offices of Patrick M. Culhane in Holbrook, Massachusetts, we have ten years of experience helping people who are struggling with tax debt. We understand how difficult it can be to pay your daily living expenses, let alone tax debt from years ago. While bankruptcy is a decision that must be taken seriously, sometimes it is the best option for people who need financial help.
Bankruptcy Stops IRS Debt Collection Efforts
By filing either Chapter 7 bankruptcy or Chapter 13 bankruptcy, you are granted an automatic stay. That means the IRS must immediately stop all debt collection efforts against you.
If you are able to file Chapter 7 bankruptcy, personal income tax debts three or more year old can be discharged. With Chapter 13 bankruptcy, you can pay your tax debt over a period of 36 to 60 months without the pressure of penalties and interest.
To learn how your tax debt can be addressed through bankruptcy, call our office locally at 781-767-7350 or toll free at 888-667-5698 to schedule a free initial consultation.
Experience in Tax Bankruptcy Matters
The tax issues in a bankruptcy proceeding can be very complicated. To properly understand the process, an attorney should have in-depth knowledge of current bankruptcy laws and understand your precise objectives.
When you visit our office, we will:
- Listen to your story without judgment
- Evaluate your tax and overall financial situation
- Use our tax bankruptcy experience to provide sound legal advice
- Represent you in all bankruptcy proceedings, if you decide to file
Each case is unique. At the Law Offices of Patrick M. Culhane, we will work to develop a resolution designed to reach your goals and help you overcome your current financial trouble.
A Knowledgeable Lawyer Working for You
To discuss how you may be able to discharge or repay your taxes without the pressure of penalties and interest, contact us online or call our office locally at 781-767-7350 or toll free at 888-667-5698 to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
