In that circumstance, a Chapter 13 bankruptcy could be a better selection. Chapter 13 lets filers to maintain their non-exempt house as long as their unsecured creditors are compensated for it in the repayment prepare.
Some bankruptcy courts may need additional prerequisites, including
The kind of bankruptcy you file can drastically affect your tax return. In Chapter seven bankruptcy, particular types of tax debts can be discharged totally. In distinction, Chapter 13 bankruptcy typically involves tax debts inside of a repayment prepare, allowing for you to pay them more
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