The IRS will still divide their claim into two parts; priority unsecured and general unsecured. The penalties and interest on penalties will be in the general unsecured. But be careful if you the IRS has levied a tax lien then the game changes a little. In any respect, a person in a 100% plan would pay all the tax debt including penalties and interest. The only good thing is that there will be no interest paid during the Chapter 13 on the balance.
top Ad Widget
Collapse
Announcement
Collapse
No announcement yet.
Bad faith filing of Chapter 7
Collapse
X
-
Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
- Likes 1
bottom Ad Widget
Collapse
Comment