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Ch7 and the IRS

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nomadic_traveler
Regular Contributor

Ch7 and the IRS

How does it work with tax debt?

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1 REPLY 1
FireMedic1
Community Leader
Mega Contributor

Re: Ch7 and the IRS

I dont know anything about state taxes. If you can hit the 3 yr mark from last assessed. Then they can be DC'ed. Its the only reason I filed BK. After 14 yrs they finally came after me for garnishment. Had a lien for yrs. Once the BK7 no assest DC was done. The lien/back taxes was so old I got released and they fell off my reports even before the new CRA reporting guidelines. I believe the IRS will file a lien first before they do the garnishment and other collection procedures if I remeber correctly.


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