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Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31731
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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if i file chapter 11 can i include my taxes

Customer Question

if i file chapter 11 can i include my taxes?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 5 years ago.

Hi - my name is Kirk and I'm a Bankruptcy litigation attorney here to assist you.


Yes, Chapter 11 bankruptcy provides an "automatic stay" to stop all IRS collection efforts. The bankrupt party has up to 6 years to pay back the IRS in full, but interest continues to accrue.

Customer: replied 5 years ago.
i need to know about all taxes-boe-edd,ect
Expert:  Roger replied 5 years ago.
Yes, you are able to pay these tax debts through your Chapter 11 plan as well. However, I think the period has a maximum of 5 years instead of 6.