The short answer is yes, most collections debt can be eliminated through bankruptcy, but the type of bankruptcy you file ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or ...

The IRS is looking to seize a North Carolina tobacco businessman’s real estate to resolve a years-running tax debt that’s ...

a Virginia debt and bankruptcy lawyer, says you are responsible for reporting the correct taxable amount of canceled debt as income on your tax return for the year in which the cancellation occurred.

Anthony Levandowski, one of Google LLC’s early self-driving engineering pioneers, is on the hook to pay taxes on Uber ...

Dividing tax debt during a divorce depends on when the debt was incurred, state laws and other factors. Responsibility for back taxes may be shared or assigned to one spouse, often based on ...

When a debtor files for bankruptcy, creditors often fear their claims will be wiped away. However, under Section 523 of the ...

Take this 33-year-old California man, for example. His dire situation, in which he owes about $170,000 in tax debt, was the ...

was the subject of a Reddit post titled “Large tax and credit card debt. Debt relief or bankruptcy?” Car insurance premiums in America are through the roof — and only getting worse.