Do you owe back taxes to the government, you know that being in debt to the government isn't ideal. They don't have to follow the same rules to which your creditors are subject. The government can take further and stronger actions against you to collect the debt. Uncle Sam's methods of collection make it even more important to find a solution.
A tax sale could be just around the bend for those in real estate tax debt. When the house that you've spent years making into your home is on the line, it often causes a flood of confusion and uncertainty. However, there is a resource available that can lift the mists of confusion. In Missouri and Illinois, Chapter 13 bankruptcy can stop the sale and give a St. Louis Missouri or Belleville Illinois bankruptcy attorney time to protect your property. Moreover, bankruptcy will stop the interest and penalties from accumulating and put your debt into a repayment plan.
Income tax debt requires a different solution. If your income tax debt is 2 years old or older, you may be able to discharge it completely under certain circumstances. Does your income tax debt fall in the category of less than 3 years old? Missouri or Illinois chapter 13 bankruptcy can still stop interest and penalties and set up a repayment plan that won't kill your bank account.
No comments:
Post a Comment