When tax penalties and other debts force you to consider filing for bankruptcy protection in Indiana, it is important to understand the bankruptcy laws so you can proceed in a manner that most effectively and completely relieves your debts. One of the common questions asked of the Indianapolis bankruptcy lawyers […]
Bankruptcy
The Requirements to Abate Taxes in Bankruptcy
Generally, in a bankruptcy proceeding the debtor’s pre-petition debts are discharged; taxes are unique in that most tax debts are not dischargeable. However, some tax debts may be dischargeable depending on the type of tax, how old the tax debt is, if the debtor filed a return, and the type […]