How does Chapter 13 Hardship Discharge affect your taxes?

Question

I received a hardship discharge from Chapter 13 bankruptcy due to my husbands death. I am still having a hard time financially even though I work. How will it affect my Income Tax or will it affect it all?

Answer 1

I believe when you file bankrupcy or hardship charges you must file your taxes for the next 7 or 10 years mandatory

Answer 2

The mortgage company can't amend your Ch 13 Plan. merely you are able to amend your Plan. get decrease back such as your financial disaster lawyer and communicate concepts. there would properly be more advantageous concepts than merely both you factor out. difficulty discharge is amazingly difficult to get -- and besides, a complication discharge gained't discharge your man or woman loan debt (or a minimum of, gained't try this w/out giving the lender the right to foreclose). you are able to properly cope with to amend your Ch 13 Plan to pay a lot less to unsecured lenders, if there are any that are being paid through your Plan. i'm guessing that your substantial debt being addressed through your Ch 13 Plan is probable mortgage arrears -- you purchased behind on your man or woman loan funds and filed Ch 13 as a fashion to keep the domicile? if you're paying one hundred% you are able to properly cope with to voluntarily brush off your cutting-edge Ch 13 and re-document, stretching out the final mortgage arrears for yet another 3-5 years extremely than having to finish the seize-up in the subsequent 2 years. you are able to as properly be eligible for mortgage modification. you extremely prefer to communicate inclusive of your financial disaster lawyer to seem in any respect available concepts.

Answer 3

They will make a payment arrangement if you can't pay what you owe there is a form 9465 that can be sent in with your taxes this is the request form for an installment agreement.