Does the IRS reconize “a statue of limitations” when a creditor sends you a 1099 C form?
My husband filed bankruptcy in 2000 and we turned in a vehicle that was in both our names. Apparently the original creditor sold the debt to another company and they sent us both a 1099 C form this year. I never made any agreement with the creditor to repay since we returned the vehicle. I have contacted the attorney for when he filed bankruptcy and he said the violated the law and he wants to sue them on my husbands behalf however I am still stuck with the 1099 form. Is there a statue of limitations for a creditor to file this form?

October 17th, 2008 at 8:54 am
Was box 6 marked off showing the debt was discharged during bankruptcy? Was your bankruptcy chapter 11? If so you do not include this amount on your tax return?