Yes, bankruptcy can help you deal with I.R.S. debt. Under certain circumstances, income tax debt can be discharged in bankruptcy. And a chapter 13 or chapter 11 plan can be used to repay tax debts that cannot be discharged over a long period of time. Hire an attorney that is experienced in this area.
We are a debt relief agency and we help people file for relief under the bankruptcy laws of the United States of America.
Yes, Ch13 can be used to aid in dealing with the IRS. Unfortunately, if they have placed a lien on your house, the ch13 will not make them remove the lien. You should speak with a local bankruptcy attorney.
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Absolutely. You should consult with a local bankruptcy attorney.
In a Chapter 13 bankruptcy, you would most likely pay a portion of the debts and discharge the rest (rather than paying the full $120K). If they've placed a lien on your real and personal property, the bankruptcy attorney will be able to tell you the amount of equity you have in your real and personal property and tell you what a Chapter 13 payment would look like. Best of luck.
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