Skilled Debt Lawyer Explains the Complexities Involved with Discharging Tax Arrears Through Bankruptcy

Many people who are struggling to make ends meet can have an especially hard time paying their income tax bills. In a lot of cases, having to come up with $500 or $1,000 at a time when money is already tight can be nearly impossible. When these people make the decision to seek debt relief help, one of their first questions is whether they can discharge their income tax debt.

The answer to that question is not as simple as “yes” or “no.” It depends on a number of different factors, including whether the taxes are personal or business, and how old the tax debt is. The law surrounding a person’s ability to discharge tax debt is quite complex. Many people find it helpful to discuss the matter with an experienced New Jersey bankruptcy lawyer.

I am attorney Joel R. Spivack. For more than 30 years, I have been helping the people of South Jersey and the Philadelphia area find the right debt relief solutions to get them back on the right financial path. I have helped countless clients with consumer bankruptcy solutions, including Chapter 7 and Chapter 13 filings. When bankruptcy is not the right solution for a particular client, I work diligently to find an alternative that gets the job done.

Discharging Tax Debt in Bankruptcy in New Jersey

Discharging tax debt is possible in some cases, but it is not automatic. The Internal Revenue Service (IRS) takes tax obligations very seriously, and its representatives will go to great lengths to collect them. In general terms, tax debts that are at least three years old can be discharged provided that certain criteria are met. I will review your situation and tell you immediately if your tax debt is eligible for discharge.

If it is not, I can help you with an offer in compromise or advise you on other possible solutions. In some cases, filing bankruptcy to eliminate or reorganize other debts can put you in a position where you are able to repay your tax debt. I diligently explore every available option in an effort to help you find a solution that provides the relief you need.

Visit My Cherry Hill Office for a Free, In-Person Consultation about Your Financial Situation

I offer a free initial consultation to every new client. I will give you straight answers to your questions and honest feedback about what bankruptcy can and cannot do for you with regard to your current tax debt. I encourage you to contact my office today to schedule an appointment. My regular business hours are 8 a.m. to 5 p.m., Monday through Friday. Free parking is available. You can reach me by phone at 856-488-1200 . You can also contact me via e-mail.

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

We are here to help you.

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We are licensed to practice in New Jersey and Pennsylvania.

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.
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