Can I keep certain types of tax debts when filing for bankruptcy?

Yes, you can keep certain types of tax debts when filing for bankruptcy in Maine. Generally speaking, most tax debts can be discharged in a Chapter 7 bankruptcy, meaning that you will no longer be responsible for repaying them. However, there are certain exceptions to this rule. In Maine, tax debts are dischargeable so long as they meet the following criteria: They were incurred at least three years prior to filing, the tax return must have been filed at least two years ago, and the government must have assessed the debt at least 240 days ago. This means that any tax debts that do not meet these criteria are not dischargeable, and must be paid back in full. Additionally, income tax debts from fraudulent returns are not dischargeable in a bankruptcy. This includes any tax debt that resulted from filing a false return or from not reporting income, such as unreported tips or gambling winnings. Moreover, any federal or state tax debt resulting from a criminal conviction cannot be discharged through a Chapter 7 bankruptcy. Ultimately, it is important to consult a qualified attorney if you are considering filing for bankruptcy in Maine and have outstanding tax debt. An experienced bankruptcy attorney can review your situation and advise you on the best course of action for your specific case.

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Can I keep certain types of tax debts when filing for bankruptcy?

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