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Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” provides an overview of taxes that can be discharged under Chapter 7 Bankruptcy and the specific requirements that must be met.
St Genevieve, MO, December 4, 2014: Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new blog on the LANCE DRURY LAW website entitled “A Guide To Taxes That Can and Cannot Be Eliminated in Chapter 7 Bankruptcy.” Sometimes the only way out of mountainous debt is bankruptcy. Many people are unaware of the types of debt that may and may not be eliminated through bankruptcy. Lance Drury provides a guide to the taxes that can be eliminated.
Drury says, “Most tax debt is eliminated under Chapter 7 Bankruptcy while Chapter 13 Bankruptcy requires a payback plan.” He advises readers to, “Use this review of taxes that can and cannot be eliminated as a guide, and always retain the most experienced tax resolution attorney you can find to help you navigate the sea of paperwork and filing requirements.”
Although Chapter 7 is where the discharges of tax debt are allowed, several requirements must be met. As Drury states, “The discharge of any tax is determined according to several different factors including the type of tax, how old the tax debt is, if the debtor filed a return, and the type of bankruptcy.”
The entire blog can be found at here.
About Lance Drury
Tax Attorney Lance Drury, founder of the Law Firm of Lance R. Drury, has been practicing law since 1984 and began representing individuals and businesses in disputes with the Internal Revenue Service in 2006. With offices located in Ste. Genevieve and Columbia, Missouri, Drury has positioned himself as a leading attorney in the state for IRS tax resolution issues. He is able to evaluate the unique situation of clients and provide them with honest answers and a specific plan to best resolve their tax problems
About The Lance Drury Law Firm
Since 2006, the Law Firm of Lance R. Drury has been representing individuals and businesses in disputes with the Internal Revenue Service and State of Missouri Tax Commission. With offices located in Ste. Genevieve and Columbia, Missouri, we’re proud to be your local choice for Missouri tax services.