Eliminating State And Federal Taxes in Bankruptcy
Bristol, CT Tax Attorneys
Tax problems can be a continual and overwhelming struggle causing years of hardship and difficulties. If you’ve fallen behind on your taxes, bankruptcy relief and protection can often provide the success unavailable despite years of efforts and struggle. With the assistance of experienced and knowledgeable bankruptcy tax relief attorneys, you can stay collection efforts by all tax collectors and get your life back on track again. At the Law Offices of Neil Crane, we’ve solved hundreds of difficult tax problems in the Bristol community and throughout Connecticut through solid and knowledgeable bankruptcy advice gathered from years of successful dealings with local, state and federal tax collectors.
We use a complete and comprehensive approach to solve even the oldest and most extreme tax problems. To learn more, contact us for a free consultation at 203-230-2233 or toll free at 1-888-249-3027.
Obtaining Tax Relief through Chapter 7, Chapter 11, and Chapter 13 Bankruptcy Law
Chapter 7, Chapter 13 and Chapter 11 bankruptcy relief can extinguish or discharge older taxes while providing protection and affordable repayment plans on favorable terms without penalties or late fees:
Chapter 7 Tax Treatment: Chapter 7 provides for the discharge of state and federal income taxes that have been filed for more than two years for a tax period older than three years from the date of the filing of the Chapter 7 petition. It can also eliminate personal property and automobile taxes that are over one year old.
Chapter 13 Tax Treatment: In addition to the discharging of older income taxes and personal property taxes available under Chapter 7, Chapter 13 can provide for the repayment of “newer” income taxes and all other forms of tax debt at favorable terms over a three-to-five year repayment plan based on your income and expenses.
Chapter 11 Tax Treatment: Chapter 11 normally applies in large personal cases or business bankruptcy cases. It provides for the discharge of “older” taxes in personal Chapter 11 cases and favorable repayment terms for all other types of taxes in personal or business Chapter 11 cases.
Our experience and comprehensive understanding of all taxes and chapters of bankruptcy relief makes us uniquely qualified to provide the full range of solutions for all types of tax problems.
To learn more about how bankruptcy can solve your tax problems, call us for a free initial consultation. You’ll always speak with an experienced tax relief and bankruptcy attorney – We never use voicemail. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our online Contact Form today.