Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Getting closer to discharge!

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Getting closer to discharge!

    I posted a few months ago that the case seemed to be closing early (5 yrs. would be up this coming May) as we had gotten a refund from Trustee and told we needed to get the 2nd counseling class done ASAP. Today we got the Notice of Final Report and Account, etc. with deadline for objections in 30 days. There are over $13,000 in claims being discharged without payment, which is apparently why we're finishing early. One is over $10,000 with Chase...which boggles me because they were the ones pushing us into the BK when they sued! I'd love to know the reason behind that ...although I'm just glad this is getting done.
    So keep the faith all of you, there is light at the end of the tunnel and good lessons learned.

  • #2
    Congratulations! Let us know when you get the actual discharge--CH13s operate differently than CH7s--so we can give you your Discharge Party!
    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."

    Comment


    • #3
      you'll be one of the first to know...I want to parteeeee!!

      Comment


      • #4
        You might be on the lookout for Chase sending you a 1099 form for the forgiven debt, if they in fact forgive it. You will have to pay taxes on it if they do.

        Comment


        • #5
          I didnt think you had to pay tax on bk debt? I thought that is why you do a bk, one reason anyway.
          Discharge date: October 2017 (will it ever get here?)

          Comment


          • #6
            I'm a bit confused.. You're in a 100% payback and they filed claims but weren't paid but the debt is being discharged through CH13?

            Comment


            • #7
              That is correct...on one of the pages of the notice (Notice of Filing Chpt. 13 Trustee's Final report....)we got is a listing in a declaration that says, in part,
              "Amount of unsecured claims discharged without payment...$xxxxxxx".
              Under Scheduled Creditors there are 4 with claims adding up to the above amount. It gives the Claim Scheduled,(amount of claim) , then N/A under Claim Asserted and Claim Allowed, and zero under Principal Paid and Int. Paid.
              I haven't gone back through the yearly auditing forms to see if they were always not getting paid, or not, it didn't seem to matter much at that point. I am curious though!

              Comment


              • #8
                Getting Closer to discharge

                Why would it be considered forgiven and not discharged?

                this is in response to kornelreid
                Last edited by knitty; 02-07-2013, 12:45 AM. Reason: to add who it's in response to

                Comment


                • #9
                  Response for knitty - a discharged debt still exists after discharge. All the bankruptcy discharge means is that the creditor who owns the debt can no longer take any action to collect it. Debt forgiveness (or cancellation) is the prerogative of any creditor at any time, but there are rules which the creditor must follow when deciding to cancel debt having to do with events and circumstances. I posed a question about the issuance of Form 1099-C after Chapter 13 discharge and the singular response from one of the moderators was that, yes, creditors can, and sometimes do, cancel debt after it is discharged. From what I understand, the debtor is not liable for taxes on discharged debt that has been forgiven (canceled).

                  Comment


                  • #10
                    That is interesting because my attorney and I were just talking about this subject. Chase has not filed for $21,000 in my chapter 13, 100% plan. My attorney said that's good news for you..that means they do not get paid and they have no recourse whatsoever after you are discharged. They can't say we didn't file because we thought we'ld wait for the case to be over. They had their chance and turned it down. All is done and over with. If they were to send you a tax form you would just attach it with the discharge you receive from the court (which shows all discharged accounts) and send it in with your taxes and you wold not have to pay tax at all.
                    Filed Chapter 13 - 07/20/12
                    Discharged 8/2/16

                    Comment


                    • #11
                      Then this is a moot point for the debtor, right? The debt is discharged, there is no liability for it or the taxes...debtor is DONE

                      Comment

                      Unconfigured Ad Widget

                      Collapse
                      Working...
                      X