Legal Question in Bankruptcy in California

Irs

I had a deal made with Irs owed 60000 settled for 10000 doing payments. Other bills out of control want to know can I file a bankruptcy and not loose the deal I have with the IRS.


Asked on 1/22/09, 10:58 am

2 Answers from Attorneys
OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

Re: Irs

Your deal with the IRS should be unaffected by your Bankruptcy filing. Contact me directly.

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Answered on 1/22/09, 12:20 pm
Robert Mccoy Law Office Of Robert McCoy

Re: Irs

You may have a choice. IRS debt is considered a priority debt, meaning it gets paid before any other debts get paid when you file bankruptcy. So you probably can continue to pay the debt pursuant to your agreement. Sometimes, IRS debt is partially or completely dischargeable. So, you may be able to pay the IRS even less than the amount you are currently paying.

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Answered on 1/22/09, 5:41 pm


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