We owe about $40,000 in back Michigan sales taxes, interest and penalties that were collected from a sole prop businesss we had owned. We sold it recently. Can I get this 40K wiped out with bankruptcy?
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Under most circumstances, tax debts cannot be discharged under a chp7. You're best bet would be to negotiate a reduced tax debt and a repayment plan.
Good Luck!The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.
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