Contact UsTaxpayer files for Chapter 13 in 2015 and is approved. Repayment period is 5 years ending in 2020. In what year does the taxpayer reduce his tax attributes? In the following year of approval (2016) or the following year of the end of the 5 year repayment period (2021)?
Also, what happens if the taxpayer defaults during the repayment period and the bankruptcy is overturned?
