The New York Times writer, Constance Gustke, on May 13, 2015, published the above titled article.
The article quotes several experts who explain the benefits to filing a Chapter 13 or Chapter 7 personal bankruptcy.
Under federal bankruptcy law(s) pensions, 401(k)', and IRA's can be exempeted from creditors. Social Security income is also exempt from creditors.
Howerver, the Bankruptcy Courts generally require that ALL unfiled Forms 1040 be filed, and continue to be filed, so that a Bankruptcy Discharge will be issued.
Please call me at 702-589-7557 if you owe the IRS, you have unfiled and/or unpaid Forms 1040, and are considering filing a Chapter 7 or Chapter 13 personal bankrupcty.