Generally, taxpayers looking toward bankruptcy as a means of tax liability relief will file under one of two bankruptcy chapters, Chapter 7 and Chapter 13. Bankruptcy can sometimes provide the best solution to taxpayers looking to reduce their tax liability, however, the bankruptcy process can be very complex, so it is a good idea to consult with both a professional who has extensive experience in both tax and tax bankruptcy before making any final decisions. The Datta Law Group has the necessary experience in both these areas.Let’s take a look at each of the above-mentioned bankruptcy chapters in more detail.
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The best way to find out whether bankruptcy is the right solution for you is to consult a local bankruptcy attorney. Your financial problems won’t get better until you take action, so why not schedule a free consultation right now? Just fill out the form on this page or call us at (562) 257-6576.