Nashville, TN asked in Bankruptcy and Tax Law for Tennessee

Q: Can I file bankruptcy for all my credit cards 2 loans medical bills and back taxes

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5 Lawyer Answers
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Yes

W. J. Winterstein Jr.
PREMIUM
W. J. Winterstein Jr.
Answered
  • Bankruptcy Lawyer
  • Boyertown, PA

A: When you file for bankruptcy relief, you must sign several bankruptcy Schedules showing ALL your estates and ALL your debts, and swear to their accuracy. You cannot leave anything out.

Credit card and medical bill debts are generally unsecured, i.e., there is no collateral securing repayment. Unsecured debts, generally, are dischargeable.

Certain types of taxes are dischargeable, including income taxes, IF you have filed tax returns showing those taxes as due, more than two years and four months prior to the date you file for bankruptcy relief.

Lynn Ellen Coleman
Lynn Ellen Coleman
Answered
  • Bankruptcy Lawyer
  • KERNERSVILLE, NC

A: You can always include taxes in a bankruptcy. The question is, will all or part of the tax debt be dischargeable? That depends upon whether or not you filed tax returns for those years and when the taxes were assessed. You should contact an expreienced bankruptcy attorney for a personal consultation to see if filing bankruptcy will achieve your goals.

Michael Hollins Sr.
Michael Hollins Sr.
Answered
  • Bankruptcy Lawyer
  • Nashville, TN

A: Bankruptcy sounds like a good solution to the debt you mentioned.

Kerry S. Alleyne Simmons
Kerry S. Alleyne Simmons
Answered
  • Bankruptcy Lawyer
  • San Antonio, TX

A: Yes. While filing bankruptcy should be a last resort, it is one of the most effective ways to deal with credit card, medical debt and other types of debt. There are different types of bankruptcy and eligibility requirements for each.

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