Certain Federal, State and Local income taxes can be discharged in a Chapter 7 or Chapter 13 Bankruptcy.
Certain Federal, State and Local income taxes can be discharged in a Chapter 7 or Chapter 13 Bankruptcy.
The Means Test was created by Congress to prevent people from filing Chapter 7 bankruptcy and forcing them to file Chapter 13 instead.
Attorney Kevin C. Johnson discusses whether you will receive a 1099-C from your creditors if you file bankruptcy.