Debt forgiveness is a type of income. If you borrow $1000 from your friend and then friend then forgives the debt, you have $1000 taxable income. In this case, you borrowed money to buy a house. You couldn't/didn't make the payments and lost the house. If you borrowed $200,000 and it sold for $190,000, you have $10,000 in tasable debt forgiveness. However, if you were insolvent at the time that the debt was forgiven you may qualify for an exception of counting this as income. Insolvency is defined, generally, as having debts that exceed your assets. If you lost your house, it's likely that this was the case for you. If that's the case this might be as simple as filing an amended return to claim the insolvency exception.
do you know if kaiser permanente filed bankruptcy?
No. No state has ever filed for bankruptcy. States are not coverd by current U.S. bankruptcy laws.
In his books he states the he has filed bankruptcy twice.
Tracy McGrady filed for bankruptcy in January of 2014
Yeah. It's called you being a dumbarsh.
Once the bankruptcy is filed the automatic stay will halt the garnishment action. However, monies taken before the bankrupcy was filed will not be returned to the debtor.
Bankruptcy can be filed at any given time depending on if you have ever filed before and when you filed last. There is no specific date as to when you can actually file.
Bankruptcy is filed in federal district court. You may want to start with their files.
There really isn't much difference in these cases. The difference is just one of how they were filed. Both are voluntary dismissals.
Check with your bankruptcy lawyer.
Google "free sites to find out if a person has filed for bankruptcy".
Yes, on May 6th, 2009, Bachrach LLC filed chapter 11 bankruptcy protection.
Yes, the debts protected under a bankruptcy proceeding are enumerated when bankruptcy is filed. Any debts accrued by the bankrupt party in the future are not protected by a previously filed bankruptcy.
You can find it from the court where you filed your bankruptcy.
Nope. Monrovia has not filed for bankruptcy
Yes-I filed for bankruptcy in late 04, got bonded and became a notary for my job in 2005. No problem!
Chapter 11 is a type of bankruptcy that can be filed by both businesses and people. Testa Corp filed bankruptcy on October 11, 2013.
no bankruptcy will actually let you get an apartment after you have filed for it
Yes, the Claremont hotel filed for bankruptcy.
Most death benefits are exempted from bankruptcy procedure. This however depends on the type of bankruptcy being filed, and perhaps to the laws of the state of residency.
It depends on the chapter they filed and the financial state of the company, most likey not, that is why the filed for bankruptcy, they have no funds.
Geritom Medical, Inc in MN has not filed for bankruptcy. we just hired more pharmacy techs. this past week.