Monday, April 23, 2012

Taxes & Filing for Bankruptcy

“Does Filing Tax Returns Relate to Filing for Bankruptcy?”

You must have filed all tax returns you were supposed to file for the last 4 years before the filing of the Chapter 7 bankruptcy case.  For a Chapter 13 case, you should file all tax returns which were required to be filed for the past 4 years.  However, in the case of an emergency filing of a Chapter 13 case, such as to halt a foreclosure sale, you may file the bankruptcy first.  Then, quickly file any required tax returns so the bankruptcy case may be confirmed.

 



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