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Bankruptcy Brigham City UT

It’s not easy to file for bankruptcy. Bankruptcy is a complicated matter and if it’s your only alternative then it’s best to find a good bankruptcy lawyer that can help you understand bankruptcy and taxes. You also need to figure out which bankruptcy you are eligible for and is best for you to file. The most common bankruptcies for individuals are chapter 7 bankruptcy (liquidation) and chapter 13 bankruptcy (restoration). Your bankruptcy lawyer can explain how to handle tax debts such as tax liens and also how to repay non dischargeable debt and take advantage of the automatic stay. Please scroll down for more information and get access to the best bankruptcy lawyers in Brigham City, UT listed below.

Total Bankruptcy has a participating attorney in BRIGHAM CITY
(866) 525-2557
862 South Main Street
BRIGHAM CITY, UT
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Total Bankruptcy has a participating attorney in OGDEN
(866) 525-2557
4850 Harrison Blvd. #1 Ogden, UT
OGDEN, UT
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Total Bankruptcy has a participating attorney in OGDEN
(866) 525-2557
2036 Lincoln Avenue
OGDEN, UT
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Mark R. Emmett
(801) 618-3321
716 E 4500 S N240
Salt Lake City, UT
Specialties
Bankruptcy
Education
Brigham Young University - J. Reuben Clark Law School,University of Utah
State Licensing
Utah

Total Bankruptcy has a participating attorney in OGDEN
(866) 525-2557
2727 North Washington BLVD
OGDEN, UT
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Total Bankruptcy has a participating attorney in OGDEN
(866) 525-2557
2727 North Washington BLVD
OGDEN, UT
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Jeffrey Reid Butler
(801) 303-0557
1682 Reunion Avenue, Suite 100
South Jordan, UT
Specialties
Divorce, Bankruptcy, Real Estate
Education
Brigham Young University - J. Reuben Clark Law School,Brigham Young University,Romney Institute of P
State Licensing
California, Utah

Mark Wesley Wiser
(972) 358-5959
2825 E. Cottonwood Parkway, Suite 500
Salt Lake City, UT
Specialties
Lawsuits & Disputes, Bankruptcy, Insurance, Fraud, Criminal Defense, Employment, Probate, Family
Education
Pepperdine School of Law
State Licensing
Texas

Edward J. Stone
(800) 769-0074
5532 Lillehammer Lane, Suite 100
Park City, UT
Specialties
Criminal Defense, DUI, Estate Planning, Bankruptcy
State Licensing
Utah

Carson Pearson
(801) 495-4814
1682 Reunion Avenue Ste 100
South Jordan, UT
Specialties
Estate Planning, Business, Contracts, Tax, Bankruptcy
Education
Brigham Young University - J. Reuben Clark Law School,University of Utah
State Licensing
Utah

Bankruptcy

Will Bankruptcy Stop Tax Liens?

Tax liens are a brutal tactic used by tax agencies to collect past taxes. In this article, we cover the question of will bankruptcy stop tax liens?

Bankruptcy is the do over tactic for many Americans. They get up to their eyeballs in debt, often credit card debt, and seek to wipe the slate clean. This used to be a fairly simple process, but bankruptcy laws have been tightened up over the years. It is no longer a piece of cake to just walk away from your debts. Bummer, eh?

Tax liens are used by tax agencies to secure a claim for past taxes. The most common tactic is place tax liens on real property, to wit, homes. The tax lien, however, only applies to the equity on the property. It does not jump in front of the mortgage or other liens already on the property. Let's look at an example.

Assume you own a home worth $300,000. Assume further that you have a $450,000 mortgage on it. Now throw in the fact the IRS claims you owe $60,000 in back taxes. If the agency files a tax lien against you, it can only attach the $50,000 in equity you have. In short, the tax lien will be secured in the amount of $50,000 and unsecured in the amount of $10,000. If the home is sold, the mortgage is paid off and the IRS gets $50,000. You still owe it $10,000.

So, will bankruptcy stop tax liens? This is a common thought for many people in trouble with the IRS. The answer is dependent on the specifics of your case. Of course, you don't want to hear that, so let's talk generalities. In general, the portion of the tax lien that is not secured may be discharged in bankruptcy.

Will bankruptcy stop tax liens in our previous example? In general, it will stop part of the lien. The $50,000 secured portion of the tax lien would survive bankruptcy. The $10,000 unsecured portion will not. Regardless, you still lose the house!

There is a huge caveat when considering if bankruptcy will stop tax liens. Bankruptcy is a federal law, but it is interpreted in ...

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