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  1. #1
    Join Date
    Feb 2009
    Posts
    2

    Default State Tax Lien

    My question involves bankruptcy in the state of: Vermont

    One additional Ch 7 filing issue:

    Have about $12000 IRS debt (no tax lien) and $3022 Vermont state tax debt (lien for $1433 shown as "upon all real and personal property, and all rights to property..." under "Title 32, Vermont Statutes".

    Have an installment agreement with IRS for monthly payments and a verbal agreement with Vermont for monthly payments.

    1. Do I need to do anything to retain these agreements during/after bankruptcy (don't think either will be discharged)?
    2. For Statement of Intention (Form B8), how do I make the entries? I am assuming I check Retained for Property and indicate Other (repay debt via installment agreement) in the Retaining Property section.

    Anyone have guidance for me on this? Thanks.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: State Tax Lien

    If obligations are not discharged, they continue.

    In terms of your property, you're talking about the state tax lien on your... you didn't say. Your home? And you plan to keep your home? It sounds like you plan to reaffirm.

    You appear intent on doing this yourself; I suggest consulting a bankruptcy lawyer, though, to see if there's anyway to discharge some of your debt to the IRS. It's not always impossible.

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