ABIL
Am I able to file for an allowable business investment loss (ABIL) that occurred in 2005. This is the same year that I went bankrupt. The investment loss was in March of 2005 and the bankruptcy was on Dec. 31, 2005 and discharged in Oct 2006.
Am I able to file for an allowable business investment loss (ABIL) that occurred in 2005. This is the same year that I went bankrupt. The investment loss was in March of 2005 and the bankruptcy was on Dec. 31, 2005 and discharged in Oct 2006.
No, I don’t think that you can, at least not against post-bankruptcy earnings. If anyone is entitled to your ABIL claim it will be your trustee for the benefit of your unsecured creditors.