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CAN you keep casino winnings if you have already filed chap 7 but not yet discharged?
Wiki User
∙ 14y ago
Yes.
The success of completing a chapter 7 bankruptcy only depends on your financial situation at the time of filing. Any unforeseen money gained after filing is yours to keep.
Wiki User
∙ 14y ago
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If you have already filed bankruptcy but have not been to your hearing yet can you add a medical bill that has just happened to the bankruptcy?
No, only pre-petition debts may be discharged in a bankruptcy.
What are the withholding requirements for winnings from casino gambling?
The casinos do not withhold taxes from winnings. They issue the player a Form 1099G, which shows the players jackpot amount, a copy is filed with the IRS and the player is responsible for reporting the winnings when the file their taxes. Casino gambling winnings are considered income by the IRS. The only time taxes are withheld from winnings at the time jackpots are paid is from the multi-million dollar jackpots. A representative from the IRS is present at the time payment to the player is made. It can take hours for one of those to be paid, as they are not paid by the casino but rather the company that makes the slot machine, such as IGT or Bally's.Different states have different laws on this also. For example, Indiana withholds 3.4% state tax from all jackpots of $1200 and up. You can request federal tax be taken out at the time you are paid also, but beware: federal tax is 25% of the jackpot, so unless you hit a really nice jackpot ($20,000+) you probably don't want to take Federal out.
When does a bankruptcy appear on one's credit report i.e. when the bankruptcy petition is filed or when the debt is officially discharged?
When it is filed. A discharge may be opposed by a creditor and there may be listed debts that cannot be discharged, or unlisted debts that may be discharged, so the "discharge" date is irrelevant.
Can the bankruptcy court take your tax refund for 2004 if bankruptcy was filed in Dec 2004 if this was not discussed at the Creditors Meeting?
I think it depends on when your debts are discharged. If they were already discharged, it was a Chapter 7 bankruptcy, and it wasn't discussed at the creditors meeting, then the refund is yours. Besides, imagine if you filed on April 15th. You might not get your refund until later June or almost July, and that's months from when your debts were discharged. I'm pretty sure it's yours.
You filed in 2002 for chapter 7 when will it be discharged?
The bankruptcy is not discharged. Your debt obligation is discharged. The discharge notice usually is mailed to you about 6 weeks after the 341 meeting. The filing of bankruptcy will stay on your credit report for 10 years from the date of filing.
Do you have to answer the question Have you filed or ever filed bankruptcy if it is discharged after 14 years?
IF the question is asked to you.. Have you EVER filed.. then yes, you do have to answer, if it only askes you if in the last 10 years have you ever filed you could say no.
If you filed a chapter 7 bankruptcy in mi and it is discharged how long do you have if you need to file an amendment?
If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.
If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?
Yes.
Chapter 7 discharged bankrupcya cousin is now trying to take you to court for money that you borrowed a year before you filed for bankruptcy are you protected under the bankruptcy?
If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.
If someone files chapter 13 in 2004 can chapter 7 now be filed?
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009
How long after your bankruptcy has been discharged can you purchase a home?
my brother filed then got married she has good credit but no job. they bought one a year after he filed but had to have a large down payment.
Can you file bankruptcy on the IRS in Washington state?
No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.
