Best Foreclosure Lawyers near Glen Allen, VA

Does Bankruptcy Clear Tax Debt? Taxes are difficult to navigate and each year tax season brings stress to countless households across the United States. When you owe money on your taxes, it can feel like an unexpected or unmanageable expense. Many people struggle to make good on the dollars owed from IRS federal taxes or state taxes. Left unpaid, the government can make attempts to collect your debts by garnishing your wages and bank account or by detracting from future tax returns. Financial Freedom Legal has noticed an uptick in Virginia tax debt collection efforts. More people have been reporting garnished wages from state tax debt collectors. If you’re struggling to pay your taxes, filing for bankruptcy may be the solution for discharging or reorganizing your debts. Tax debts can potentially be addressed by Chapter 7 and Chapter 13 bankruptcy. There are certain opportunities to discharge tax debts by bankruptcy without payment depending on how old the debts are, whether your returns were filed on time and what types of taxes you’re paying.