Discharge: Will eliminate (discharge) own liability for tax debts older than 3 yrs Except returns filed late. Businesses Really don't get a discharge since They are liquidated. An inform creditor might attempt to shift the case into Chapter 7 to recover all it’s owed, instead of some diminished portion. https://andresselsx.answerblogs.com/30039371/the-greatest-guide-to-how-will-filing-bankruptcy-affect-my-small-business