| Filing taxes is often our biggest dose of reality. This | | | | anywhere to turn. However, there is a resource |
| year, it will most likely be a perfect picture of how bad | | | | available that can lift the mists of confusion. In Missouri |
| the economy has hit families across Missouri and Illinois. | | | | and Illinois, Chapter 13 bankruptcy can stop the sale |
| But, this time of year isn't just a busy time for tax | | | | and give a St. Louis Missouri or Belleville Illinois |
| attorneys; it is often a busy time for St. Louis, Missouri | | | | bankruptcy attorney time to protect your property. |
| and Fairview Heights, Illinois bankruptcy attorneys. | | | | Moreover, bankruptcy will stop the interest and |
| Why? Missouri and Illinois Chapter 7 or Chapter 13 | | | | penalties from accumulating and put your debt into a |
| bankruptcy can be the saving grace of your tax | | | | repayment plan. |
| situation. | | | | Income tax debt requires a different solution. If your |
| If you owe back taxes, you know that being in debt to | | | | income tax debt is 2 years old or older, you may be |
| the government isn't ideal. They don't have to follow | | | | able to discharge it completely under certain |
| the same rules to which your creditors are subject. | | | | circumstances. Does your income tax debt fall in the |
| The government can take further and stronger actions | | | | category of less than 3 years old? Missouri or Illinois |
| against you to collect the debt. Uncle Sam's methods | | | | chapter 13 bankruptcy can still stop interest and |
| of collection make it even more important to find a | | | | penalties and set up a repayment plan that won't kill |
| solution. | | | | your bank account. |
| A tax sale could be just around the bend for those in | | | | If you're drowning in back taxes, start looking at your |
| real estate tax debt. Situations in which your home is in | | | | options now. |
| danger are often confusing and leave you without | | | | |