are there any tax implications for filing chapter 7 bankruptcy?

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Are there any tax implications for filing Chapter 7 bankruptcy? A few years ago I settled a debt with a credit card company and I had to claim t the part of the debt that was forgiven as income. Now here it is about 8 years l ater and I am having to file chapter 7, with all the $25K in unsecured debt that I have, will I have to claim this as income too? SOLUTION Find the best solutions and providers for you at:

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Page 1: Are there any tax implications for filing Chapter 7 bankruptcy?

Are there any tax implications for filing Chapter 7 bankruptcy?

A few years ago I settled a debt with a credit card company and I had to claim tthe part of the debt that was forgiven as income. Now here it is about 8 years later and I am having to file chapter 7, with all the $25K in unsecured debt that I have, will I have to claim this as income too?

SOLUTIONFind the best solutions and providers for you at: