Bankruptcy is not a situation anyone wants to be in. But for those who are overwhelmed with bills and other debts, and cannot afford to pay their tax debt even with a payment plan or compromise, it may be the best option. If you’re considering filing bankruptcy and starting over with a fresh financial future, come see us first for a complete bankruptcy analysis.
While it won’t replace the advice of an attorney, a bankruptcy analysis can be a great tool for both assessing your eligibility for a bankruptcy discharge and for making your case to your creditors. It can also be a strong negotiating tool used to convince the IRS to accept a compromise offer. A compromise is more preferable to the IRS because it would allow you to partially pay off your debt as opposed to a bankruptcy in which they can’t collect any money.
To schedule your free consultation and begin your bankruptcy analysis, contact us today.