There are a variety of debt that are removed through bankruptcy but there are some that aren’t. If you are planning to file bankruptcy to pay taxes however, it isn’t legal. Following your bankruptcy, IRS taxes will still be due for you to pay. The definition of bankruptcy depends largely on the laws in your state.

Do you think your bankruptcy can include student loans? No, student loans can’t be discharged by filing bankruptcy. It is also not possible to discharge credit card debt by filing for bankruptcy. One of the most common reasons to file bankruptcy is to eliminate medical debt. This is often dischargeable but consult your bankruptcy lawyer to ensure that this is the case for your debt. When you file bankruptcy, it’ll remain on your credit reports for the next seven years. Therefore, it is important to be cautious about whether or not you truly want to go through with the filing and what longer-term consequences might be. psdztljf2b.