Can debt come back as income after bankruptcy?

I believe you are asking if debts discharged (forgiven) in bankruptcy is taxable income.  The answer is no.  Section 108 of the Internal Revenue Code excludes from income any debt discharged in bankruptcy.  However, certain tax attributes, such as net operating loss carryforwards, may be reduced by the amount discharged. Mark J. Markus, Attorney at Law Handling exclusively bankruptcy law cases in California since 1991. http://www.bklaw.com/ bankruptcy blog: http://bklaw.com/bankruptcy-blog/ Follow Me on Twitter:  @bklawr