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Bankruptcy doesn’t clear most tax debt, but it can clear some. Income tax debt that’s at least three years old may qualify if returns were filed honestly.
You can file for bankruptcy multiple times in your life, but the amount of time you need to wait between filings can be anywhere from two to eight years.
Chapter 13 bankruptcy allows you to keep your assets by agreeing to a repayment plan with your creditors. We review the pros and cons and teach you how to file.