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Bankruptcy & Tax Debt
Find Out if Bankruptcy Can Eliminate Your Tax Debt
Many people don’t realize certain tax debts can be reduced or even eliminated through bankruptcy. It’s not the right solution for everyone, but for some it’s a genuine fresh start. We’ll help you understand your options and whether it’s the right move for your situation.
—The debt is income tax debt (not payroll tax or fraud penalties).
—The return was due at least 3 years ago.
—The return was filed at least 2 years ago.
—The tax was assessed at least 240 days ago.
—You didn’t commit fraud or tax evasion.
How We Help
Review your tax history and debt to determine eligibility.
Explain your options — whether bankruptcy is your best route, or an alternative like an Offer in Compromise makes more sense.
Work with bankruptcy attorneys to ensure your tax situation is handled properly during the process.
Protect your future by helping you stay compliant after bankruptcy.
Frequently Asked Questions
Will bankruptcy erase all my tax debt?
Not always. Certain tax debts can be discharged, but others will survive — we’ll analyze your case to know for sure.
Does filing for bankruptcy stop IRS collections?
Yes. Once you file, an automatic stay goes into effect, halting most IRS collection actions, including levies and garnishments.
Should I file for bankruptcy just for taxes?
Not necessarily. Bankruptcy affects all your debts and credit, not just taxes — we’ll help you explore other IRS programs first to see if they make more sense.
Explore Your Options
Bankruptcy isn’t the right choice for everyone — but for some, it’s the best path to a financial reset. We’ll help you understand your eligibility and guide you toward the right solution.