By Larry Karandreas Tax debt can create a large financial impact on people’s lives. While you may be able to settle tax debt with the IRS, many times people do not have the cash to make a lump-sum settlement. When the IRS sets-up a payment plan, those plans can take years to complete, with interest accruing on the entire balance owed until paid off. Hiring a Phoenix Bankruptcy Attorney...Read More
When you file a Chapter 7 or Chapter 13 Bankruptcy, the automatic stay of 11 U.S.C.§362 will stop collection activity, including collection activity conducted by the IRS and the State, in most, if not all cases. To make sure that your rights are protected, proper legal representation is a key to success.
While the automatic stay is a powerful statute, there have been instances where revenue...Read More