Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

What Is a Bankruptcy Discharge? A bankruptcy discharge is a legal order that releases a debtor from the personal liability of certain types of debts. If your bankruptcy has been discharged, it means ...

Bankruptcy discharge refers to the legal process that absolves a debtor from the responsibility of paying certain debts, providing them with a fresh financial start. The exact process varies depending ...

No to both parts of the question. As to whether the issuance of a Form 1099-C definitively establishes discharge of debt income, the regulations state that the occurrence of an identifiable event is ...

One of the key aims of the bankruptcy process is affording debtors a "fresh start" by granting them a discharge of their debts, However, the Bankruptcy Code has excepted certain debts that are ...

The Ninth Circuit Bankruptcy Appellate Panel held that the Social Security Administration’s withholding of post-petition benefits to satisfy the debtor’s prepetition obligation to repay overpayments ...

The U.S. Court of Appeals for the Ninth Circuit has found that debts relating to a securities law violation could be discharged in a Chapter 7 bankruptcy proceeding if the debtor himself was not ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Many people believe they will walk away ...

Editor’s Note: Under the 2017 tax reform legislation, income resulting from the discharge of student loan debt because of the death or permanent and total disability of the borrower is not included in ...

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be “wholly worthless,” and if the debtor reports cancellation-of-debt (COD) income, the ...

The Biden-Harris Administration announced Wednesday that student loans will be discharged for over 260,000 former students of San Diego-based online school Ashford University and its parent company, ...