Living in Bankruptcy Confusion? Escape The Stress! Nothing But Blue Skies From Now On.

How will your tax refund be treated in your bankruptcy case?

Recently I started getting the question….the same question I get at least 100 times at this time of year, every single year…

“Sarah, I am getting a tax refund.  What is going to happen to it?”

So this year, I am being proactive.  I am putting this information out for all everyone to see in advance because the answer to this question isn’t as easy as it may seem. It is a complicated by how we as taxpayers view our tax refund, how much you are getting, and which chapter of bankruptcy you are filing.

The short answer to this question is that we can probably protect your tax refund, or have already, the long answer is the most annoying of all lawyer answers, “It Depends.”

For more information about how a tax refund may be affected in your bankruptcy case, give our office a call at 732-302-9600 or fill out our online consultation form and we will call you.