Bankrupcy

silasraven said:

so whos had it? and at what age details if you dont mind.

started at age 19 with nothing bad, got into my accident rolled away with $917,000 dollars in med bill debt. had insurance but tricare for dependants doesnt cover anything. had to do it so this year got the money for the lawyer and filed. got granted and now owe nothing from that incident.

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bullwinkle60 said:

I've had to file 3x,first when I was 26 after a divorce and car accident, then in my 40's for credit card debt and my 50''s for back taxes. I was a paralegal so I did them myself.

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fishwhistle said:

I hate to call bullshit but as far as i know you CANNOT file bankruptcy on taxes in the US,so unless your in a different country your bullshitting.

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ClaytonBigsby said:

I wonder about bankruptcy. Chapter 7 stays on your record for ten years. Credit rteporting agencies can only report negative credit for 7. So it seems to me that if you have had enough, you just quit paying, close your accoutns as a "no pay" and wait 7, instead of 10 years. Am I missing something?

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Grumpy' said:

http://taxes.about.com/od/bankruptcy/qt/bankruptcy_tax.htm

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ClaytonBigsby said:

Are you sure? I think after a short time, they "write off" the account for tax purposes. I have seen a friend's report and he had credit cards that were "write offs" and closed.


http://www.ehow.com/facts_5021658_long-debt-stay-credit-report.html

http://www.carreonandassociates.com/articles/reportingtime.htm

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fishwhistle said:

Wow,I stand corrected and apologize for posting incorrect information,i guess you can file on taxes too in certain circumstances
I got my info from my wife who is a CPA and tax specialist,her response when i told her she was wrong was to laugh and say "go ahead and try it".
bitch owes me a hummer for makin me look bad in the cyberworld LOL.

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guy incognito said:

I know there are extenuating circumstances, and big medical bills are certainly one of them, but the rest of you sound like dead beats. Just like when I see the commercials for tax relief. "If you owe over $10,000 to the IRS call us now..." it makes me sick to see those commercials. I get so angry at those people. How the fuck do you owe that much money to the IRS? and why should you get a break because you didn't pay your taxes in full and on time like I did? I was responsible and did what I was legally required to do, so fuck me, meanwhile you didn't pay your debts and now you essentially get free money for it?

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