Prevent Income Tax Liens with Chapter 13

Wasson and ThornhillIncome Taxes

Chapter 13 can prevent income tax liens on dischargeable taxes. But it’s riskier. It takes years, and you may pay some of that tax.     Two weeks ago we showed how the filing of a bankruptcy case stops the recording of an income tax lien.  A bankruptcy filing imposes the “automatic stay.” That law makes it illegal for the … Read More

Qualify for Chapter 13

Wasson and ThornhillChapter 13

You can file a Chapter 13 case if you are an “individual,” have regular income,” and don’t owe too much.