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what happens after bankrupcy?

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wendygreenie Joined: 10 Jul 2011 Posts: 1 1.25 Dollars($)	Posted: Sun Jul 10, 2011 3:30 am    Post subject: what happens after bankrupcy? Like 0 Dislike 0 i surrendered my home on chapter 7. i was discharged in 2010. now whats going to happen to 2011 taxes? is the mortgage bank going to send me anything?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Jul 10, 2011 10:09 pm    Post subject: Like 0 Dislike 0 Hi wendygreenie, If you've surrendered the property and the lender has sold off the property and forgiven the deficient balance, then you may receive a 1099c form. You may have to pay taxes for the forgiven deficient balance. Thanks

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