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

Yes, in Kansas you can keep certain types of tax debts when filing for bankruptcy. It is important to know that the bankruptcy law in Kansas treats taxes differently from other types of debt, so it is important to be aware of all of your options before filing. When it comes to keeping taxes when filing for bankruptcy, there are several factors to consider. The first factor to consider is the age of the tax debt. Debts that are three or more years old may be dischargeable, while newer tax debts may not be. Additionally, some taxes must have been filed at least two years prior to bankruptcy in order to be eligible for discharge. Another factor to consider is the type of taxes owed. Some taxes, such as income and payroll taxes, may be dischargeable, while other taxes, such as penalty or trust fund taxes, may not be. Additionally, taxes owed to the state of Kansas may be dischargeable if they meet certain criteria such as age and type. Finally, it is important to know that filing for bankruptcy does not necessarily erase all of your tax debt. Even after filing, you may still be responsible for paying the remaining portion of taxes owed. It is also important to understand that penalties and interest may still be incurred on tax debt after filing for bankruptcy. Overall, filing for bankruptcy can help you manage your debt, but it is important to understand the rules and regulations regarding taxes in Kansas before filing. It is best to research all of your available options and consult a bankruptcy attorney for further guidance.

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

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