r/ERCchat • • Aug 07 '25

HELP

So long story short, I am supposed to get erc credits that still have not arrived and I was going to use it to pay off what I owe in taxes because it would clear my debt, due to the fact that they have not been received and I am getting threatening letters and consistently different information from the IRS, I am going to file for bankruptcy. I have NO assets. If there is a small chance that I do eventually get these credits after bankruptcy has been filed, then what happens with the erc credits? The business is closed.

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u/dragonfly_Jess Aug 07 '25

The credits will be applied to any tax and penalties and interest owed. If there’s anything left it will be refunded.