Does Bankruptcy Alleviate Government Debt?
As the old saying goes, nothing is certain but death and taxes. Along those lines, when people are in debt, Uncle Sam will still get his money. If you are struggling with debt due to government fines, penalties and restitution, it is important to discuss your options with an experienced bankruptcy lawyer.
Knowledgeable Arizona Bankruptcy Attorney
At The Roll Law Office, PLLC in Tempe, we are committed to helping consumers achieve a fresh financial start and deal with their debts through bankruptcy. You can count on our firm for compassionate guidance during your difficult financial times.
Is your government debt dischargeable through bankruptcy? We can help you find answers to that and many other questions you may have about your debt. For a free initial consultation, call 602-652-2403 or toll free 866-603-1533 today. You can also e-mail us to get in touch with an experienced legal professional.
Can You Erase Government Debts Through Bankruptcy?
Unfortunately, in most cases, government debts are not dischargeable through bankruptcy. It is no secret that the government would hold a high priority for receiving payments in a bankruptcy, as they are in charge of writing and updating the nation's bankruptcy laws.
Government debts that are not usually dischargeable through Chapter 7 or Chapter 13 bankruptcy include:
- Taxes
- Government fines
- Government penalties
- Restitution
While these debts may not be dischargeable in your case, bankruptcy can help you to restructure their payment and they may not make up all of your debt. If you have other unsecured debts, such as medical bills or credit card debt, filing for bankruptcy could be an attractive option for you.
What Can We Do About Your Debt?
Despite the fact that these debts are almost always not dischargeable through bankruptcy, it is still well worth your time to find out how the law will apply to your case. In fact, you have nothing to lose. For a free, no-obligation bankruptcy consultation with one of our bankruptcy attorneys, contact us today or call 602-652-2403.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
