May people who consider bankruptcy are facing debt on all sides, in their personal lives, in their professional lives, and even in their relationship with the IRS. While all debts are dangerous to some degree or another, tax debt is very difficult to address for some people, and may completely "sink their battleship" in a hurry if they do not address it directly as soon as possible.
Proper use of a bankruptcy is one of the most effective ways of discharging many debts, but many people assume that they cannot discharge tax debt with a bankruptcy. While it is true that consumers cannot discharge many kinds of tax debt through bankruptcy, they may still discharge some kinds of tax debt, as long as they meet a number of other requirements. If you find yourself facing serious tax debts, you should carefully examine your own circumstances to determine if you qualify for discharging your debt through Chapter 7.