My husband and I filed Chapter 13 Bankruptcy in September 2005. How will that affect our tax filing for 2006?

Posted by: admin in chapter 13 bankruptcy rules on December 28th, 2009
chapter 13 bankruptcy
Leilani_20 asked:

The case was approved August 2006. We continued paying our Mortgage and car payment but all else is part of the payment plan through the courts. Will that be considered income? Thats our concern for taxes due.

In chapter 13 bankruptcy, are payroll deductions(garnishment) before or after taxes?

Posted by: admin in chapter 13 bankruptcy rules on December 26th, 2009
chapter 13 bankruptcy
auntienanny230 asked:


I have just filled for bankruptcy and know they will be garnishing payments from my pay check. I was just wondering if any one could tell me if it is before or after federal taxes and FICA and medicare deductions. I live in Tennessee if that helps.
I am trying to get an idea of what my take home pay will be now— for budgeting purposes.

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