i filled bk chapter 7 and got discharged in june 2014. I havent been paying my mortgage(s) since april my mortgage company hasnt started the foreclosure process yet. My bankruptcy lawyer told me that if i receive a 1099c it will be cancel due to my bankruptcy however he asked me to talk to a cpa for more details etc...
Now my question what if foreclosure takes a place in 2015 (not this year) and i receive a 1099c in 2016 would that be consider a income and would i be paying taxes?..
this is getting really confusing, not sure if anyone could help me regarding this issue. any help suggestion greatly appericted
Now my question what if foreclosure takes a place in 2015 (not this year) and i receive a 1099c in 2016 would that be consider a income and would i be paying taxes?..
this is getting really confusing, not sure if anyone could help me regarding this issue. any help suggestion greatly appericted
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