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 Texas. The types of taxes which are usually able to be kept are back taxes, income taxes, and payroll taxes (also known as employment taxes). These types of taxes are all considered to be "non-dischargeable" debts, meaning that they cannot be wiped away with a bankruptcy filing. So, if you owe taxes to the IRS or have other tax debts, you will still be responsible for paying them, even if you file for bankruptcy. When filing for bankruptcy in Texas, it is important to be aware of the various laws and regulations surrounding taxes, as they can affect your ability to discharge certain debt. Generally speaking, taxes which are more than three years old and have been assessed more than 240 days before the filing date may be able to be discharged. However, this could vary depending on the type of tax, the amount owed, and whether you filed all of the right paperwork. It’s important to contact an experienced bankruptcy lawyer when considering filing for bankruptcy, as they can help you understand the nuances of the bankruptcy process and advise you on the best course of action. They will be able to advise you on the types of taxes that can and cannot be discharged in the event of a bankruptcy filing.

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

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