Bankruptcy

Will I Lose My Tax Refund If The Tax Refund Shows Up After I File My Chapter 7 Bankruptcy?

By Joseph McDaniel, Esq.

On the other hand, the Chapter 7 Bankruptcy Trustee may decide to give back your tax refund. But not for the reasons you think! Remember, the Pity Pitch doesn't work very well in the Bankruptcy Court, because everybody there has a pretty decent Pity Pitch!

But I talk about a couple of the ways that you may be able to keep all or some portion of your tax refund in this educational bankruptcy video; on the other hand, the hands-down most effective way to keep your tax refund is to wait to file until you receive it, spend it for food and a rent or mortgage payment and to pay your bankruptcy attorney, and then file!

Here's a video where I discuss the issue (and I'm including an url, which looks funny, but some of the sites where my bankruptcy blog is syndicated don't seem to do a good job of picking up my links or my videos!): http://www.youtube.com/watch?v=e7nVbUzsZfQ

NOTHING HERE CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY LAWYER WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, OR ANYWHERE ELSE.

Full post as published by Arizona Bankruptcy Attorney Blog on August 20, 2010 (boomark / email).