REPRESENTING MIDDLE GEORGIANS FOR MORE THAN 25 YEARS
Macon Tax and Bankruptcy AttorneyAt The Law Firm of Stacey Nestor, PC, we guide clients throughout Georgia in the process of assessing any tax issues that may arise during bankruptcy. The financial decision to declare bankruptcy often brings with it additional complexities such as tax law considerations. Our personalized approach walks you through the process of closely evaluating your situation to determine what steps need to be taken during the bankruptcy to protect yourself.
Warner Robins Tax Debt Lawyer
Also, if it is possible to discharge any tax debt you may have, we will help you explore those options. Taxes can be a key factor in your debt situation. The IRS and GA Department of Revenue zealously seek out payment for taxes owed, going so far as instating garnishments. Bankruptcy will put a stop to these efforts, allowing you time to regroup and either discharge the debt or create a plan to repay it.
Often tax debt that has been held for less than three years cannot be completely erased or discharged in bankruptcy. Older tax debt, however, can sometimes be negotiated. Your attorney will carefully review the nature of the tax debt as well as the age of it to determine if there are alternatives available to you.
Tax debt that you must keep is often included in a Chapter 13 bankruptcy repayment plan. Chapter 13 bankruptcy allows you to isolate the tax debt, stop the penalty and create a plan to repay the total debt at a reasonable interest rate over a reasonable amount of time. In rare situations, tax debt may be discharged in Chapter 7 bankruptcy. We will take a close look at your individual situation to determine the best course of action.
Macon Tax and Bankruptcy Lawyer
To arrange a free initial consultation to discuss your options in tax issues that may be dealt with in a bankruptcy, please contact our law firm today at 478-755-0012.