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Chapter 7 Income Tax implications?

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    Chapter 7 Income Tax implications?

    Hi,
    I'm a newbie here.

    Does anyone have any idea whether or not Federal or State (NJ) Income Tax is owed on the Discharged amount of a Chapter 7 personal bankruptcy?

    I've read in other places/times that it is, searched (slightly) the forums here, found nothing, and just want to be sure of the facts.

    Thanks in advance for any replies..

    #2
    You do not pay any income tax on debts that are discharged in BK.

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