If you’re thinking about filing for bankruptcy to clear your tax debt, interest and penalties, it’s critical to have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will give you the clean financial slate that you need to start over. If you don’t qualify to eliminate tax debt through bankruptcy, you may find that even after the process has been completed, you are still left with massive tax liability.
There are different types of bankruptcy that you can file for, each with their own purpose, outcome, and long-term effect. To determine which type of bankruptcy best suits your needs, it’s important to have a professional evaluate your financial situation, assets, history, and debt. The opportunity for a second chance that bankruptcy offers could be the right option for you.
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Contact our office at (469) 567-3017 or fill out an appointment request form to speak with a member of our team for pre-bankruptcy counseling and to discuss our bankruptcy services, today!