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Federal, state or county governments can file liens against your property when you're behind on your taxes. You may be able to avoid tax liens, which are recorded at your county courthouse, if you arrange to pay the debt. Tax liens go on credit reports and can cause you to be denied a loan. If taxes are not paid, the government will have no choice but to file a tax lien. If you pay or settle what you owe after the tax lien is recorded, you will need to file a release of tax lien to remove the lien from…
There are two types of personal bankruptcy, chapter 7 and chapter 13. Both types of bankruptcy allow a debtor to claim debts owed to the Internal Revenue Service and possibly discharge those debts, depending on the bankruptcy plan. A tax lien happens when the IRS enforces debts owed on taxes that haven't been paid by securing the amount of the taxes owed on the debtor's property, such as real estate. Since a tax lien is a secured debt, it may have to be paid in full under a personal bankruptcy plan.
