Results 1 to 3 of 3

Hybrid View

  1. #1
    Join Date
    Nov 2006
    Location
    Texas
    Posts
    354

    Default Re: Filing Bankruptcy with Tax debt not consumer debt.

    Wouldn't you have been better off hiring a tax attorney to negotiate a settlement and repayment plan with the IRS rather than a bankruptcy filing?

  2. #2

    Default Re: Filing Bankruptcy with Tax debt not consumer debt.

    I tried for 3 years an offer-in-compromise with IRS. State Comptroller
    wouldn't even start the offer-in-compromise. It's not that I wanted to file
    my credit scores were in the high 700's. The pisser was more than half
    of the tax debt is penalties and interest and they wouldn't budge on it.
    Basically I would have to live on nothing for the next 10 years under their repayment plan and I couldn't put my family through that. Those advertisement for settling pennies on the dollar are bogus.
    But one plus is I have learned more about tax debts and how they are treated by the court, means testing and anything else related to tax debts than most attorneys. My attorney for my bankruptcy even listed his tax has a practice area. It was a shame that it took a letter from me to get the IRS to amend their claim.

    1. Sponsored Links
       

Similar Threads

  1. Chapter 7: Divorced and Ex is Filing Bankruptcy on Joint Debt
    By amae in forum Bankruptcy Law
    Replies: 1
    Last Post: 07-28-2011, 10:00 PM
  2. Banking: Consumer Privacy of Non-Bankruptcy Filing Joint Tenant
    By msb1388 in forum Personal Finance And Investment Law
    Replies: 1
    Last Post: 04-16-2011, 04:49 PM
  3. Debt Collectors: Consumer Lawyer and Ambulance Debt Collection
    By Bldragon in forum Debts and Collections
    Replies: 2
    Last Post: 04-24-2010, 03:26 PM
  4. My Debt And Filing Taxes With New Husband
    By mckenzie67 in forum Tax Law
    Replies: 1
    Last Post: 04-10-2008, 05:59 AM
  5. Bankruptcy Issues: Using Form 22A for Non-Consumer Debt
    By inbigtrouble in forum Bankruptcy Law
    Replies: 2
    Last Post: 04-06-2008, 02:39 PM
 
 
Sponsored Links

Legal Help, Information and Resources