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Reload this Page Discharge in 2005 - when do 1099-cs arrive?

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Old 02-15-2006, 09:30 AM
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Join Date: Aug 2005
Location: DE
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Discharge in 2005 - when do 1099-cs arrive?

What is the name of your state? DE
I had five creditors listed on my BK7, which was discharged 12/19/05. None of them have sent me a 1099 ---
Q1: is there a time frame by which they must send me a 1099?
Q2: if they exceed this time frame (assuming there is one) how might they be penalized? [if at all]
Many thanks to respondent(s).
P.S. Is it likely that one or more will even bother to send 1099?
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Old 02-15-2006, 09:52 AM
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Join Date: Nov 2005
Posts: 12
to the best of my knowledge discharged debt is NOT taxable.. therefore you will not receive a 1099..
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Old 02-15-2006, 12:46 PM
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Join Date: Jan 2006
Posts: 191
Internal Revenue Code excludes debt discharged in a bankruptcy from it definition of gross income.
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