I had a business loss in a prior year but I have not filed my personal income tax amendment to reflect this on my return. There is probably going to be a good refund, but I don't know exactly how much right now.
I want to file for Chapter 7 petition (California) in the near future because of personal guarantees I had made with the failed business mentioned above. Being that I haven't filed this amendment yet, should I file it now, or file it later when the Chapter 7 petition is filed? or should I file after it is discharged?
If I file the return amendment after I file Chapter 7, what are the potential consequences?
Thanks,
Ben
I want to file for Chapter 7 petition (California) in the near future because of personal guarantees I had made with the failed business mentioned above. Being that I haven't filed this amendment yet, should I file it now, or file it later when the Chapter 7 petition is filed? or should I file after it is discharged?
If I file the return amendment after I file Chapter 7, what are the potential consequences?
Thanks,
Ben
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