Chapter 13 is one of the most used chapters for filing bankruptcy. Though it is a tricky chapter, many debtors have no option but to use this chapter when their income doesn’t allow them to file bankruptcy under Chapter 7.
Bankruptcy is not only an answer for your difficult times but bankruptcy can also solve many of your tax debt issues. There are several provisions under the US Bankruptcy Code that can help you solve many of your tax problems, though it may not always erase tax debts completely.
Many people believe that declaring bankruptcy is the end of the world. But in reality filing for bankruptcy is what a wise and farsighted person will do. Contrary to this popularly held false believe doesn’t mean the end of the world.