Can tax liens be dismissed under Chapter 7 or Chapter 13?
Payroll taxes are the only taxes that bankruptcy cannot wipe out. Like if you owned a business and collected payroll taxes from your employees, these have to be paid back unless you file for an offer and compromise to the IRS. Can you reaffirm unsecured debts when filing a chapter 13? Five requirements exist under the Bankruptcy Code in order to determine whether a reaffirmation agreement is valid: • The reaffirmation agreement must be entered into prior to discharge and it must then be filed with the court • The agreement has to state that the debtor has the right to rescind the agreement either within 60 days after its filed or prior to discharge (whichever comes later); • If the debtor is represented by an attorney, the attorney has to sign and provide an affidavit verifying that the agreement is voluntary and does not impose an undue hardship on the debtor; • The debtor did not rescind the agreement within the required time • That the agreement complies with the requirements of ?52
