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  • Can Unpaid Taxes Be Discharged in Bankruptcy?

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Can Unpaid Taxes Be Discharged in Bankruptcy?

In a bankruptcy proceeding debts are divided into two categories: dischargeable and non-dischargeable. Dischargeable debts are those that the debtor is no longer personally liable to pay after the bankruptcy proceedings are concluded. Non-dischargeable debts are those that are not cancelled because of the bankruptcy proceedings. The debtor remains personally liable for their payment.

Blip | December 9, 2008Watch more videos from Blip

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