Everyone Deserves a Second Chance
Fighting for the Little Guy in Portland & Beyond

Blog

Close Your Business While Resolving Your Tax Debts though Bankruptcy

If you’ve struggled to keep a business open but have now decided to close it, and you owe taxes, here’s how to deal with them. Let’s assume that you have closed or are about to close a business because it was just not succeeding financially.

Read More

Continue Operating Your Business by Gaining Control over Tax Debts

If you own a small business and are way behind on taxes to the IRS/state, Chapter 13 protects you and your business. Do you operate your own small business and are seriously behind on income and/or withholding taxes?

Read More

The “Automatic Stay” Stops the IRS

The IRS is just another creditor when it comes to stopping its collection action by filing bankruptcy. There ARE some sensible exceptions.

Read More

Chapter 13 Advantages for Resolving Income Tax Debts

If Chapter 7 doesn’t discharge your income taxes or let you pay or settle them reasonably, Chapter 13 is often easier, cheaper, and safer. The last few blog posts have covered the following ways of dealing with income tax debts with a Chapter 7 “straight bankruptcy”:

Read More

Your Income Tax Debt Paid through an “Asset Chapter 7 Case”

Have your Chapter 7 trustee pay your income taxes out of the proceeds of sale of assets that you don’t need. Here’s an unusual way of paying your income tax debt.

Read More

Chapter 7 Helps with Income Tax Debt Even Without Writing off Any of It

Are your income taxes are too new to be written off with a Chapter 7 bankruptcy? Nevertheless sometimes Chapter 7 is still your best option.

Read More

Writing Off Income Taxes through Chapter 7

If your tax debt can meet 4 conditions, you can usually write it off with bankruptcy forever. Two myths about bankruptcy and taxes persist because there’s a bit of truth behind them.

Read More

What Happens to Income Taxes in Bankruptcy

The two rather unpleasant-sounding topics—taxes and bankruptcy—can actually turn into a pretty good combination. If you got an extension to file 2016 tax returns, it’s now only three weeks until the extended October 17 deadline.

Read More

Be Careful About a Recently Dismissed Bankruptcy Case

Don’t get tripped up in a rule designed to prevent bankruptcy abuse. One of the most important benefits you get from filing bankruptcy is protection from your creditors.

Read More

When It Makes Sense to File Bankruptcy Too Soon to Discharge Debts

You can file a new bankruptcy very soon after a prior one, without getting a discharge of your debts. So how could that be worth doing?

Read More