File for bankruptcy

Filing for bankruptcy may relieve you from some (but not all) of your tax debt.

Step 1. Consider other options

Before you file for bankruptcy, consider these other options:

Individuals and businesses

Individuals only

Businesses only

To avoid the hassle and cost of bankruptcy, you might want to ask your attorney about:

  • General assignment for the benefit of creditors: With the help of a third party, your assets are liquidated to pay your creditors.
  • State court receivership: A state court appoints a receiver to review and manage your business.

Step 2. Prepare to file for bankruptcy

If you decide to file for bankruptcy and you want to include your tax debt, you should:

Step 3. File for bankruptcy

Provide your tax account and debt information to your bankruptcy representative to help accurately list your tax debt in your bankruptcy forms.