Property Taxes in Chapter 11 Bankruptcy

If your business has fallen behind on property taxes, obtain experienced legal help. This is a complicated area of the law. The right debt relief attorney can help resolve your unpaid taxes without putting your business at risk.

At Saeed & Little LLP, we have more than 60 years of collective experience providing businesses with debt relief solutions. We are committed to helping your business address your tax concerns to prevent additional tax implications. Put our law firm's experience and legal resources to work for you. Contact us today to meet with a highly skilled debt relief attorney in Indianapolis, Indiana.

Helping Businesses Resolve Unpaid Property Taxes in Indianapolis

Unlike sales and payroll taxes, unpaid property taxes are not personally assessed against business officers. Yet, businesses that fall behind on their property taxes need experienced legal help. Creditors place liens on real estate with unpaid property taxes to secure payment for the debt. Business owners who choose to sell their property must first pay off their unpaid property taxes.

Business owners who decide to maintain the property may want to consider filing Chapter 11 bankruptcy. Known as business reorganization, Chapter 11 bankruptcy is designed to help business leaders remain in control of their operation while reorganizing their debts into a realistic repayment plan. If creditors agree to the payment plan, property taxes can be paid as part of the payment plan over 60 months. Debt reorganization helps businesses keep the assets that are valuable to them while paying only what the assets are worth.

Contact Our Terre Haute Bankruptcy Lawyers

If your business is overwhelmed with back taxes, contact our law firm in Indianapolis to schedule a free phone consultation. Every case is fact-specific. We will evaluate your business's unique circumstances to determine the most effective way to address your tax concerns.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.