Income Taxes in Bankruptcy
This article discusses an unpleasant subject for most people, taxes. As the old saying goes, there are only two things that are certain in life, death and taxes. If you are reading this, you have only dealt with one of those certainties. A question often asked of my Phoenix clients is: "Will a bankruptcy discharge my income tax debt?" The short answer is, maybe. Most people we talk to here in Phoenix, Arizona believe that taxes cannot be dealt with in a bankruptcy. As discussed below, this is not entirely the case.
Most of you are familiar with income taxes. In a bankruptcy, ...






