Bankruptcy & Taxes

Have you been getting debt collection calls and letters from the IRS or Ohio tax authorities?

If you have, you should know that bankruptcy may be able to help you. Tax debt can be erased by bankruptcy under the following conditions:

  • If the return was filed on time, or the return was filed late but more than two years before the bankruptcy
  • If the tax was assessed earlier than 240 days before the bankruptcy was filed
  • If you did not purposefully avoid paying the taxes

When you file for Chapter 7 bankruptcy, your assets and property become part of the bankruptcy, potentially including your tax refund. Does this mean that the bankruptcy trustee will take your tax refund to pay off creditors? The answer to that question may depend on the size of the refund.

With careful planning and the help of an experienced bankruptcy attorney, you may be able to keep your tax refund.

At Horwitz & Horwitz, LLC, we are committed to helping people going through financial troubles. Experienced bankruptcy lawyer Barbara Horwitz will handle your case personally from start to finish, taking all of your calls and answering all of your questions.

If you are overwhelmed by tax debt or other types of debt, we can help. Contact us today for a free consultation with a skilled, understanding Centerville, OH bankruptcy attorney.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.