Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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There is no special form or anything regarding filing your taxes that is impacted by the bankruptcy case. no special deductions or applications.
check with your bankruptcy attorney and the plan/confirmation order to see if you have to turn the returns over to the trustee. They often request them, and sometimes require you to pay in a portion of your refund, but not always.
Thanks for your question, any others?
Yes, I remember we do have to turn over any money that is refunded. I am glad to hear there isn't anything we have to claim as a gain type of thing as far as the forgiveness of debt, is that correct?
yes, you are getting a court order discharge at the end, the lenders are not forgiving debt. they will get a tax break on any losses they have.
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