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Will my parents directly paying the IRS for my large tax bill affect me filing Ch 7 for large credit card debt?
Chicago, IL
Viewed 36 times.
Posted about 1 month ago in Bankruptcy / Debt
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I have a large outstanding tax bill from 2007 and 2008. My parents have offered to pay the IRS directly for me to wipe this out, since it can't be wiped out in Ch 7. I want to file Ch 7 for large credit card debt. How will my parent's payment to the IRS be viewed in my bankruptcy if I have no plans to repay them?
Answers (3)Lesley Abigail Hoenig
This attorney is licensed in Illinois and 2 other states.
Posted about 1 month ago.
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I think the key is to disclose this to your bankruptcy attorney, I do not think this should be a major problem, you just want to discuss this with your bankruptcy attorney and make sure it's properly described somewhere on your bankruptcy schedules. I do not think it should impair your bankruptcy, especially when you are not paying money to your parents prior to filing, but it is good to discuss this with your bankruptcy attorney.
Joseph Michelotti
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