1099-A

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i filed for bankruptcy in june '08. all debts were discharged but I recieved a 1099-A from a lender where it states the FMV is greater than the outstanding principal. am i responsible for the remaining balance?

smithsussane · Posted: Sun Mar 08, 2009 7:53 pm Post subject:

Hi rook!

Welcome to forums!

As your debts were discharged under the bankruptcy, you will not be personally liable to pay off the remaining balance. But if you had filed Chapter 7 bankruptcy and reaffirmed the mortgage after discharge, then you will be liable to pay it off.

Feel free to ask if you have further queries.

Sussane

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