According to the Burr Law Office, you can declare bankruptcy to potentially wipe out tax debt but only on debt that is at ...

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

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

What tax debt relief is. The IRS offers several options to accommodate different financial circumstances, such as payment ...

such as if you file for bankruptcy, leave the country for an extended period or submit an offer in compromise (OIC). Start tackling your delinquent IRS tax debt today. An offer in compromise ...

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.

Bankruptcy costs can erode a company;s capital structure. While debt may be a good way to finance a company's operations, it ...

When financial distress becomes overwhelming, finding a way out can feel impossible. Two common paths—debt negotiation and ...

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

A Chapter 13 bankruptcy sets up a three- to five-year payment plan based on your disposable income, unprotected assets and tax debt. Chapter 7 and Chapter 13 handle credit card debt differently.