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Paying back a discharged loan after chapter 7 bankruptcy?
There is no reason to repay a loan after a discharged bankruptcy, if you have done so, you can reclaim all your money from the creditor (you'll have to go through court).
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Do you have to pay taxes on discharged debt after chapter 7 bankruptcy?
In some instances, yes. If the debt was not for your principal residence, forgiveness through bankruptcy is considered income and, hence, taxable.
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Can income tax debt be discharged in a bankruptcy?
Yes. Suprisingly it is a fairly low (I believe 7th position) claim against the assets.
Answer.
Generally speaking, income tax debt can be discharged if the tax was assessed more than three years...
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Federal income tax dates back to?
1913 is the correct answer. Taxes were assessed on some specific activities such as sales of goods, import duties and so on. Indeed, it took a special amendment to the constitution, the 16th...
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When will your bankruptcy be discharged after filing chapter 7?
Short Answer: Approx 90 days Detailed Answer: Once you file Chapter 7 Bankruptcy, you will receive a notice to attend a 341 Creditors Meeting which is scheduled approx 30 days after you file. If...