Category Archives: Taxes

Tax Debt and Bankruptcy – How Does it Work?

Learn how bankruptcy affects taxes As a practicing St. Louis Bankruptcy attorney, I often get questions about taxes. Tax debts can be discharged through bankruptcy, but there are restrictions on the types of tax debt that will be discharged. First, only income tax debt may be discharged in a bankruptcy. There are 3 basic classifications…

St Louis Bankruptcy and Taxes: Can the Court Seize My Tax Refund?

With the year coming to a close, most Missourians that are considering bankruptcy are concerned about how a St. Louis bankruptcy filing would affect their potential tax refund.  Tax refunds are an asset of your estate and therefore the court can act upon the refund depending on what type of refund you receive and what…