Bankruptcy Could Be Your Fresh Start—But Is It the Right Move?
Filing for bankruptcy may seem like the best way to eliminate tax debt, penalties, and interest, but it’s not always the right solution. If your tax debt isn’t eligible for discharge, you could still end up with a massive IRS liability even after bankruptcy.
Before You File, Know Your Options
There are multiple types of bankruptcy, each with different effects on your finances, assets, and future. A thorough financial review is critical to ensure:
You choose the right type of bankruptcy (if any) for your situation
You understand which debts can be eliminated and which cannot
You maximize your chance of financial recovery without unexpected setbacks
Pre-Bankruptcy Counseling Can Help You:
Determine if bankruptcy is the best solution for your tax debt
Explore alternatives that could reduce or eliminate IRS liabilities
Ensure your financial future is protected before making a major decision
Don’t File Without Professional Guidance
For a FREE Consultation, call (718) 356-5178—we’ll provide two appointment options to help you evaluate your bankruptcy and tax relief options.
Bankruptcy is a big step—let’s make sure it’s the right one.
