State tax debts can sometimes be cleared, or discharged, by filing a bankruptcy. It depends on the type of tax debt that is owed. Many of the rules are the same for state tax debt as for tax debts owed … Continue reading →
Bankruptcy can be a powerful tool to help people solve tax problems. Not all tax debt will go away in bankruptcy, however—in fact, most won’t. Even so, in the right situation, both Chapter 7 and Chapter 13 bankruptcy can provide … Continue reading →
Tax refunds in bankruptcy are a tricky issue. A tax refund is a valuable asset to you and your bankruptcy estate. Whether you get to keep your tax refund depends on what kind of bankruptcy you file (Chapter 7 or … Continue reading →
The short answer is “No.” Your employer will deduct taxes and other necessary items from your gross wages before subtracting a wage garnishment owed to a creditor. In this article, you’ll learn about the process your employer will use when … Continue reading →
When you file a bankruptcy, your tax refund is an asset of your bankruptcy estate. Your tax refund may include an earned income credit (EIC). When it does, you could have a big refund coming to you. Whether your trustee … Continue reading →
