Bankruptcy, Taxes, and Your Credit Card Debt

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Bankruptcy is often the result of an individual having an overwhelming amount of credit card debt. Credit card debt is unsecured debt which is generally dischargeable. Many states and even the federal government may allow taxpayers to pay their taxes by using a credit card. The majority of taxes are not dischargeable in a bankruptcy case, but will the taxes be discharged if they were paid by credit card? The short answer is “no.”

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jerry Lowe, Law Office of Jerry R. Lowe | Attorney Advertising

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