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Minnesota Chapter 13 Bankruptcy & Tax Return?
Question by Trevor | Posted in United States
I am located in Minnesota. If I was to enter chapter 13 bankruptcy this month (Jan 2008) what will happen to my 2007 tax refund?
Answer: You should chat about this with a bankruptcy attorney before doing anything. It is not a do it yourself project. Anything you do with a refund could be considered a preference payment that will give a bankruptcy referee a tummy ache. You do not want that to happen.
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Is Debt Settled After Dismissing Chapter 13 Bankruptcy Case, Income Tax Exempt?
Question by ch13survivor | Posted in United States
I filed a Chapter 13 bankruptcy, then dismissed it when I was not masterly to get a helpful deal from the creditors. I was able to get enough money together to settle with them after the case was dismissed. I have received the tax forms from them claiming that the answerable for might be considered
Answer: If the Chapter 13 was dismissed, it is as though it never happened.
How Will Filing For Bankruptcy Affect My Tax Return?
Question by moegold2000 | Posted in United States
Will I have to submit my bankruptcy on my taxes? Is it counted as income?
Answer: If your taxes are less than three years old (Tax year 2004 or later) they will not be discharged. Disburdening of debts, including taxes, in bankruptcy does not create iincome.
Tribune, Fewer Bankruptcies, Tax Refunds: Bankruptcy Video
Walk 9 (Bloomberg) -- Bloomberg Law's Lee Pacchia talks with Bloomberg Dirt bankruptcy columnist and editor-at-large Bill Rochelle about ...
What Are Five Benefits of Bankruptcy? | Tax Articles International ...
by EthanLuke
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Publication 908 (03/2009), Bankruptcy Tax Guide
Tax Returns Due After the Bankruptcy Filing. For all bankruptcy cases ... For bankruptcy cases filed after October 16, 2005, the Bankruptcy Maxims requires ...
..:: Bankruptcy Taxes ::..
MOST TAXES CANNOT BE ELIMINATED IN BANKRUPTCY BUT SOME CAN. ... Most tax debts can't be wiped out in bankruptcy -- you'll last to owe them at the end of a Chapter 7 case, ...
