Bankruptcy And Your Tax Obligations

Do you have a tax lien on your property? Is the IRS hassling you about past-due taxes? If you are facing financial difficulties, you may be dealing with a lot of pressures.

No one sets out to create fiscal difficulties. The housing crises, job losses, divorces and unexpected medical bills are some of the reasons that folks just like you find themselves in financial hot water. Sometimes, bankruptcy is the only viable option for a fresh start on your financial future.

Multiple office locations in Fort Lauderdale, Miami, Boca Raton and Jupiter make it easy for you to meet with us. Call for legal advice today at 888-813-4737. Se habla español.

For more than 20 years, Nowack & Olson has been representing South Floridians who are having debt problems. We have represented thousands of people with their bankruptcy cases, maintaining a long record of successes for our clients. When you retain our services, you can start resting easy.

Are Tax Debts Erased In Bankruptcy?

Back taxes (past-due taxes) are one of a few secured debts, meaning that they are not dischargeable. However, a Chapter 13 bankruptcy may allow you to pay them back over time.

Additionally, many people often do not realize that some income tax debts can be discharged through bankruptcy, along with the accompanying interest and penalties. Let us explain how that process works.

Nowack & Olson: Providing A New Melody For Your Life

At the law firm of Nowack & Olson, we don't want you singing the same old song. Both the federal and Florida Bankruptcy Code are written so that you can have a fresh start in life and create a new financial harmony. Let us help you move toward a new financial future, without worry about debt and tax liabilities.

We work with the bankruptcy courts to help ensure:

  • That you obtain the best possible outcome for your case
  • That you receive all exemptions to which you are entitled
  • That you have diligent and effective counsel during this stressful time

At Nowack & Olson, our lawyers offer a welcoming, nonjudgmental environment for your bankruptcy, real estate and foreclosure defense needs. For a free initial consultation, please contact us online or call us at 305-698-2265 or 888-813-4737 toll free. The law firm of Nowack & Olson, PLLC, will have you humming a new tune.