A tax debt often takes a life of its own and the individual soon sees a snowball effect as the tax debt grows larger and impacts other areas of an individual's finances. Learn more about tax debt bankruptcy in Texas in this presentation.

21. Debtor is required to file a repayment plan
Debts are categorized as priority, secured, or
unsecured
Tax debts are a priority debt, meaning they are
paid before other unsecured creditors.

22. Monthly payment based on income
Other debts may be discharged upon
successful completion of the repayment plan

25. Chapter 12 is used by a family farmer or fisherman
Chapter 11 is used by an incorporated business or an
individual debtor whose debts exceed the chapter 13
limit

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