Stop Tax Liens

Posted by & filed under Chapter 7 Debt Relief.

San Diego Bankruptcy Lawyer

Most consumers that seek advice from a bankruptcy lawyer believe that tax liability cannot be eliminated in a Chapter 7 bankruptcy filing. This is simply not the case.  Although the way your bankruptcy lawyer treats your tax liability is a complicated issue, the Bankruptcy Code allows the debtor to receive significant relief from their taxes.  Whether or not you receive tax relief depends on certain things, such as whether you file a Chapter 7 and/or what standing your tax liability is in.  Only an experienced San Diego bankruptcy lawyer can make the property determination for you.

As a general rule, only individuals and consumers can file for bankruptcy and have some of the their tax liability discharged.  Only federal income tax can be discharged.  You cannot get bankruptcy relief from state taxes that were with withheld by your San Diego employer.

But, if the IRS has already placed a tax lien on its tax claim against you, the bankruptcy law is different.  Once a tax lien is filed, the debt becomes secured and that tax lien takes priority over the bankruptcy filing.  Even the best San Diego bankruptcy lawyer cannot strip the tax lien in this situation.  This is why if you owe the IRS a significant amount of money and no tax lien has been filed you must call an experienced San Diego bankruptcy lawyer today.  Otherwise, the Bankruptcy Code will offer you no tax relief.

The IRS will be very aggressive in trying to collect any tax debt owed.  You need an aggressive bankruptcy lawyer to fight back.  For over 35 years, Thompson | Wedeking has helped thousands of individuals in San Diego, Southern California and California get the fresh start and tax relief they deserve.  We can file your bankruptcy case today.  Call our office today at 619.615.0767 for more information.

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