Bankruptcy

The Law Offices of Jeffrey S. Freeman has successfully helped hundreds of Clients obtain a fresh start through the Bankruptcy process and discharge millions of dollars of income taxes, penalties, interest and other debts they would otherwise never be able to pay.   While income taxes generally can be dischargeable in Bankruptcy, there are a complicated set of rules which govern if and when an income tax can be discharged.   There are also Bankruptcy alternatives like the Offer in Compromise program provided by the Internal Revenue Service which may be a better option than Bankruptcy.

If you owe income taxes and are considering Bankruptcy, it is imperative that you consult with an experienced tax attorney intimately familiar and experienced with both discharging income taxes in bankruptcy and non-bankruptcy alternatives before you file anything in Bankruptcy Court.   Filing for Bankruptcy even one day too early can render a tax debt non-dischargeable.   This means that you will still be stuck with having to pay the taxes after your bankruptcy is complete.

On October 17, 2006, Congress has dramatically changed the Bankruptcy laws for the past several years to make it much harder for consumers to get rid of debts through Bankruptcy.    Some of these changes also drastically reduced the ability of taxpayers to discharge income taxes in Bankruptcy.   Therefore, if you owe a substantial amount of income taxes or others debts you can not pay and think bankruptcy may be an option, you should consult with an experienced attorney and Debt Relief Agency immediately to discuss your options. 

At the Law Offices of Jeffrey S. Freeman, we represent clients in Oakland County, Wayne County, Washtenaw County, Macomb County, and Livingston County, Michigan.