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Tax obligations while filing Chapter 13 bankruptcy: Taxpayers must file all required tax returns for tax periods ending within four years of their bankruptcy filing. During a bankruptcy taxpayers must continue to file, or get an extension of time to file, all required returns.
The Bankruptcy Code requires chapter 13 debtors to file all required tax returns for tax periods ending during the 4-year period ending on the date of the filing of
17 kwi 2024 · Effective July 1, 2024, a new Department of Education regulation substantially changes how income-driven repayment (IDR) plans are treated when a student loan borrower is a debtor in a chapter 13 bankruptcy case.
17 lis 2022 · The new process will help ensure transparent and consistent expectations for the discharge of student loan debt in bankruptcy; reduce the burden on debtors of pursuing such proceedings; and make it easier for Justice Department attorneys to identify cases where discharge is appropriate.
9 maj 2024 · Chapter 13 bankruptcy can stop your student loan company from harassing you during your bankruptcy for up to five years. Why? When you file for Chapter 13 bankruptcy, an automatic stay goes into effect, prohibiting almost all creditors from collecting their debts, including student loan lenders.
28 lip 2021 · Chapter 13 bankruptcy gives filers who have a consistent income a payment plan to pay off debts within three to five years. The remaining debt is discharged after that time.
17 lis 2022 · This memorandum provides guidance (Guidance) to Department of Justice (Department) attorneys regarding requests to discharge student loans in bankruptcy cases. Developed in coordination with the Department of Education (Education), this Guidance will enhance consistency and equity in the handling of these cases.
