Tax debts can strangle your financial freedom. The heavy burden of state or IRS tax problems can strain your resources and put you on a tax treadmill of late fees and interest charges that might be impossible to catch up on. The IRS and the state can also levy your bank accounts garnish your wages, and put liens against your accounts, your property or other assets. When this happens, your assets are in danger of seizure or foreclosure. You must contact an experienced Pennsylvania bankruptcy lawyer right away.
Tri-County, Pottstown and Reading Chapter 13 Bankruptcy Attorneys
At the Law Office of Stephen Ross, our Pottstown consumer bankruptcy attorneys can help you alleviate your stress and your financial burdens with effective strategies and thorough preparation. If you do not qualify for all Chapter 7 tax debt discharges or if you do not qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy allows us to negotiate with the IRS and/or the state to spread your tax arrearage over a five-year period.
The IRS must file a proof of claim that breaks out your tax debt when you file for bankruptcy. We will closely examine the proof of claim and help you create a repayment plan that is more manageable, which you can afford. As long as you stick to the repayment plan, your remaining debt will be discharged after five years. Our knowledgeable attorneys have extensive experience with tax law and consumer bankruptcy that can benefit your specific situation.
As soon as you file for bankruptcy, state and federal tax collection agencies can no longer charge interest or other fees on your tax debt. Every payment you make pays off the principal.
All of the other benefits of Chapter 13 still apply, including an automatic stay on your property and assets, elimination of unsecured debts, including second mortgages and home equity loans. Our attorneys will work on your behalf to provide you with every protection under the law.
Contact Our Pottstown Spouse Bankruptcy Attorneys Today
Our attorneys are ready to discuss your concerns and provide answers. Contact our Pennsylvania debt relief law firm today to learn more about what we can do to help you overcome your legal troubles at 610-323-5300 | 800-799-1948.
