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Bankruptcy Tax Relief in Connecticut
Taxes are a yearly struggle for every individual and business. It can be difficult to make a payment to the IRS or the Connecticut Department of Revenue Service (DRS) when you are having a hard time paying your other bills.
If you have fallen behind on your taxes, it is important that you act quickly. Tax authorities can foreclose on your home, seize your property or place a lien on your property. In extreme cases, where the tax authorities allege that you are withholding taxes willfully or fraudulently, you may also face criminal charges and jail time.
There are solutions available to you. Through bankruptcy, you can put a stop to collection efforts by the IRS or DRS. Bankruptcy can also help you get your life back on track by helping you resolve all of your debts. The lawyers at The Law Offices of Neil Crane, LLC, have been handling bankruptcies and tax debt issues since 1983. With offices in Hamden, Bridgeport, Ridgefield, Waterbury and Rocky Hill, we can provide you with the local service and experience you need to resolve your tax obligations and debt problems.
We can help you get your tax debt under control. Speak with our Connecticut lawyers about tax relief through bankruptcy today. Contact our law firm online, or call us at 203-230-2233 or toll free at 888-249-3027 for a free, no-obligation consultation.
The Automatic Stay
When you file for any type of bankruptcy, an automatic stay goes into effect. This stay puts a stop to all collection actions against you. This includes collection efforts by the IRS or DRS such as:
- Wage garnishment
- Seizure of assets
- Liens on property
- Civil actions to collect tax debts
All creditors you declare as part of your bankruptcy will be barred from pursuing compensation from you during the bankruptcy process. It will prevent all harassing phone calls from creditors or other debt collection practices. This can give you the breathing room you need to assess your debts and create a plan to affordably pay tax debts and other obligations.
Tax Debt Treatment in Bankruptcy
All tax debts, whether they are federal, state or local, are subject to modification in bankruptcy. This means that you will be able to negotiate for lower interest rates, better payment plans and payment restructuring. As skilled negotiators, we can help you develop a plan to get your tax debt under control. We have assisted clients with offers in compromise, installment agreements and other tax solutions at every level.
Finding a Bankruptcy to Fit Your Needs
Every type of bankruptcy is unique. We take a comprehensive, holistic approach to our clients' debt issues. We will work with you to understand the full extent of your debts, your income and your goals for the future. That way, we can help you select the type of bankruptcy that best meets your needs such as:
- Chapter 7 bankruptcy tax relief so you can get a fresh start and discharge older taxes and unsecured debts
- Chapter 13 bankruptcy tax relief to help you create a three- to five-year payment plan for all types of taxes
- Chapter 11 bankruptcy tax relief for businesses to reorganize their taxes and other debts
- Chapter 20 tax relief, which uses both Chapter 7 and Chapter 13 to maximize your debt relief
We also have the knowledge and experience to help you stop and remove tax liens, levies, garnishments and seizures.
Contact Our Tax Help and Bankruptcy Attorneys in Hartford
Speak with an attorney today to get a handle on your debt and find a workable solution to your financial problems. Contact our law firm online, or call us at 203-230-2233 or toll free at 888-249-3027 for a free consultation.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.