Tax Debt Assistance by Bankruptcy Attorneys in Richmond, VA

Stephen Relyea and Veronica Brown-Moseley tax debt bankruptcy lawyers in richmond va

Handling Your Tax Debts to the Government

Owing money to the government for taxes can feel intimidating and stressful.

Taxes can sometimes come as a surprise, making it difficult for many people to pay them on time.

Tax debt is one of the most stressful forms of debt due to the government’s ability to pursue payments more aggressively than private lenders.

Did you know that filing bankruptcy can prevent the government from coming after you to collect unpaid taxes? It can put a stop to actions against you, protect your property and defend your paychecks from garnishments.

Financial Freedom Legal can help you file for bankruptcy and guide you through your financial recovery. Our experienced lawyers are highly awarded bankruptcy experts focused on helping you find relief.

Discharging Your Tax Debts Through Bankruptcy in Richmond, VA

Certain types of tax debts may be discharged in Chapter 7 and Chapter 13 bankruptcy. This means that your debt may go away in bankruptcy without any repayment.

Most tax debts that are more than three years old can be discharged in bankruptcy. There are some exceptions, including:

Debt on tax returns filed within two years of the bankruptcy case
Certain business tax debts
Tax debt related to fraud or other wrongdoing.

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Filing Chapter 13 Bankruptcy for Tax Debts in Richmond, VA

Tax debts that became due within three years of filing can be paid through a Chapter 13 bankruptcy.

In Chapter 13, you would make one payment each month, usually for a period of three to five years, to cover all of your debts.

The monthly Chapter 13 plan payment could include your tax debt as well as other debts you owe such as:

Mortgage arrears
Rental arrears
Credit card bills
Medical bills
Personal loans

Financial Freedom Legal will work to get you the most affordable plan payment. It is common for the monthly Chapter 13 plan payment to be significantly less than the minimum monthly payments on the debts that are included.

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tax debt relief by bankruptcy lawyers in richmond virginia working with a client

Protecting Your Wages and Property from Collections

Filing bankruptcy can prevent the government from coming after you to collect unpaid taxes.

In many cases, the government can take aggressive collection actions against you that are not available to other creditors, including:

Garnishing a larger percentage of your wages
Taking money from your bank account
Placing a tax lien on your home and other property
Preventing you from registering your vehicle
Taking away future tax refunds

Additionally, if you are already faced with the IRS, state, county or city taking actions to collect from you, filing bankruptcy can stop those actions and help you get your finances back on track.

This may include:

Stopping future garnishments for tax debts
Paying off tax liens that are attached to your property
Removing DMV holds and enabling you to register your vehicle
Making sure that you are able to keep future tax refunds.

Veronica Brown-Moseley

Stephen Relyea

Richmond Lawyers Fighting for the Tax Debt Relief You Need

Declaring bankruptcy could give you the chance to finally catch up on tax payments. Years of government collectors harassing you and complicating your financial situation can finally come to an end.

Financial Freedom Legal will help you eliminate debts or develop the repayment plans you need to recover. Our team will stand by you through your case and as you get back on track to make your future tax payments.

Schedule a free consultation today to meet with our experienced bankruptcy attorneys.

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