In the event your debt try released within the bankruptcy proceeding, new collector can still repossess the new security used in the mortgage
In the event your debt try released within the bankruptcy proceeding, new collector can still repossess the new security used in the mortgage 2 Season Signal: The income tax returns must have been filed at least 2 years prior to the bankruptcy petition. Tax returns that are filed late will still be eligible, as long as they were filed at least 2 years prior to the bankruptcy petition. See Bankruptcy law 11 USC 523. The newest 240 day-rule: The taxes must have been assessed at least 240 days prior to the bankruptcy filing. It is important to note, if the debtor files an amended tax return the 240-day clock starts over again, beginning the date the amended return is filed. If for example the tax statements was in fact filed…