Can You File Bankruptcy if You Haven't Filed Tax Returns?

The answer is maybe. If you haven't filed tax returns, the first thing you need to do is figure out why. If you have a good reason for not filing, such as being unemployed or having low income, then you may be able to file what's called a "no asset" case. This means that you don't have any nonexempt assets that the bankruptcy trustee can use to pay your creditors.

If you have assets, whether it's a house, a car, or cash in the bank, and you haven't filed tax returns, you can still file bankruptcy, but it may be more difficult. The trustee may want to know why you haven't filed your taxes and may want proof that you've tried to comply with the tax laws.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you to find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706