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Tax debt relief: How to resolve your debt with the IRS
Payment extensions, settlements and status reclassification can help with tax debt.
Bents Dulcio writes with a humble, field-level view on personal finance. He learned how to cut financial corners while acquiring a B.S. degree in Political Science at Florida State University. Bents has experience with student loans, affordable housing, budgeting to include an auto loan and other personal finance matters that greet all Millennials when they graduate. He has a prodigious appetite for reading, which he helps feed with writing from Scottish philosopher Adam Smith, the “Father of Capitalism.”
Payment extensions, settlements and status reclassification can help with tax debt.
How your bankruptcy will play out depends on the type of bankruptcy you file.
An attorney can help you avoid pitfalls and will look out for your interests.
Chapter 13 lets you use your income to repay some of your debts.
Bankruptcy will cloud your credit, but with time and discipline, you can recover.
It may seem like the only way out, but divorce could actually make debt problems worse.
Filing bankruptcy has some debt exclusions. These charges can usually be eliminated.
Debt becomes a problem when you don’t have the means to pay it off or owe too much to too many companies to pay down the balances.