My question involves bankruptcy in the state of: Florida
A Father sells an automobile to his Son, records the sale and promissory note with the clerk of court. The title is in the Son's name with Father as the lien holder. After auto loan is discharged through bankruptcy, is the creditor/lien holder (Father) entitled to an income tax deduction (loss) or tax credit if the auto is not repossessed? If so, what tax form is the IRS expecting to see?