answersLogoWhite

0

Yes, they must give you a 1099-C. Your BK is not a matter for them. However, generally, the income they are reporting is NOT taxable if it was part of a BK, and that is reflected on your return, using of course, an appropriat form and documentation...but it is reported.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Can you file bankruptcy on your house after chapter 7 discharge?

Your mortgage should have been included in your chapter 7 discharge. If it was- then you are no longer liable for the mortgage, but the lender can still foreclose on the property. If the mortgage was not included- then why wasnt it included.


In Texas in a divorce when both parties sign a settlement agreement can they still contest the divorce after 30 days pass?

No, once the settlement agreement has been signed and filed contestation is not possible except under very unusual circumstances. For example, one of the individual's deliberately concealed assets by some form, such as selling, transferring etc. to keep them from being included in the partitioning of marital property.


Can a divorced spouse claim ex-husband's property after his death if there was a property settlement during the divorce?

It depends on the specific terms of the property settlement and any subsequent agreements or court orders. Generally, if the settlement specified that the divorced spouse relinquishes any claim to the ex-husband's property after his death, they would not be able to claim it. However, if the settlement did not address this issue or if there were changes made to the agreement afterwards, it is possible that the divorced spouse could still claim the property.


What happens when a spouse refuses to sign the property settlement agreement after the property settlement hearing in Nevada?

You should able to go to Court to compel her signature via a judgment. (Motion for Specific Performance or Disposition of Property). Don't know how it works in Nevada or what the particular name is.


Can i file Chapter 7 to get out of paying my ex for property settlement?

If that's the only reason to file for bankruptcy, probably not. ALL debts must be listed and treated equally, so if you want to get the ordered property settlement discharged, all your other debts must also be proposed for discharge. Even if you get a discharge on the property settlement, which may not be possible in certain bankruptcy court districts of states, you will be open to contempt charges in the divorce court and still be required to pay the settlement. To be sure, consult a local experienced bankruptcy lawyer.


If you meet someone while separated and your husband gets a settlement are you still entitled to the settlement even if he says you have committed adultery?

This is dependent of the state. In No Fault states, then yes. In some cases, the settlement (or inheritance) can be non-comingled, or there may be a previous agreement. If you are truly separated, waiting for divorce, then the right thing to do would be for proceeds contracted later than the date of the separation to be not included in the property split.


What are the key provisions that should be included in a non-disclosure agreement for intellectual property protection?

A non-disclosure agreement for intellectual property protection should include provisions such as defining what information is considered confidential, outlining the purpose of sharing the information, specifying who has access to the information, setting the duration of the agreement, detailing the consequences of breaching the agreement, and outlining the process for resolving disputes.


How a credit agreement may be terminated?

A credit agreement that affects real estate can be terminated by paying off the balance and requesting a release/discharge from the lender that can be recorded in the land records. If the agreement doesn't affect real property then any balance must be paid off and the account should be closed.


What do you need to do to finalize divorce papers in Illinois?

To finalize divorce papers in Illinois, you will need to reach a settlement agreement with your spouse on important issues such as property division, child custody, and support. Once you have this agreement, you can file a Marital Settlement Agreement with the court. After a waiting period of at least six months, you can attend a final hearing where a judge will review your agreement and grant the divorce.


After discharge on a chapter 7 bankruptcy can the trustee take your truck which is paid for?

If the vehicle was not included as non-exempt property in the BK petition it is considered exempt from sale and seizure.


Do you have to give your husband a vehicle to drive after you are divorced?

The distribution of property, including vehicles, after a divorce is typically determined by the divorce settlement agreement or court order. It is not an obligation to provide a vehicle for your ex-spouse to drive, but it could be one of the terms negotiated during the divorce proceedings. It is advisable to consult with an attorney in your jurisdiction to understand the specific laws and regulations regarding property distribution in divorce.


Does an agreement need to be witnessed by an independent person?

In general, no. A contract does not even need to be written to be binding in many cases. (However, it is best practice to reduce any agreement to writing.) Some types of contracts require witnesses or notaries. Check your state law if you are dealing with a settlement agreement, a property transfer, or any agreement covering a large amount of money or property. However, should there be some dispute about the validity of the agreement or the terms of it, an independent witness would be a strong factor in court.