No matter how you fill out your W-4 or how much money you set aside for taxes, you may end up owing the federal or state government. This is tough enough for people that are not enduring financial stress. It is perhaps impossible for people considering bankruptcy. There are many types of debt that you can eliminate through bankruptcy and there are some which you cannot. There is secured debt and unsecured debt. At any rate, debt is debt and it does not go away unless it is dealt with.