Have you ever heard the statement “tax debt is not dischargeable in bankruptcy”? Luckily that assumption is not entirely correct and relief may be available. Non-dischargeable taxes includes debts for unpaid property taxes and any debts associated with unpaid income taxes, due within the 3 years immediately prior to filing bankruptcy.
However, if your tax debt meets the following criteria, it may be discharged in your Chapter 7 Bankruptcy:
- The money owed is