Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

FRANK D. TAFF, J.D., Attorney at Law

3601 SW 29th Street, Topeka, Kansas 66614

My Blog


But, You Can't Discharge a Federal Tax Lien in Chapter 7

Posted on July 27, 2012 at 9:28 AM
Bankruptcy will not wipe out prior recorded tax liens.  A Chapter 7 bankruptcy will wipe out your personal obligation to pay the debt, and prevent the IRS from going after your bank account or wages, but if the IRS recorded a tax lien on your property before you file for bankruptcy, the lien will remain on the property.  In effect, this means you'll have to pay off the tax lien in order to sell the property.  Of course, if you rent and own no real estate, a federal tax lien may not be a concern.

Categories: Bankruptcy