Can they take my tax refund every year after i file bankruptcy?

Answer Exemption laws are in place to safeguard income tax refund checks. However, this really depends on the state in which you filed and the situation in which you filed bankruptcy.Source:Oklahoma-bankr... Read More »

Top Q&A For: Can they take my tax refund every year after i ...

Can you file for bankruptcy& still keep a tax refund?

Once you file for bankruptcy you report all sources of income to court trustee. The bankruptcy court trustee requires a debtor to turn over an IRS tax refund to be distributed to creditors.Source:C... Read More »

Can they take my tax return every year after I file bankruptcy?

For a Chapter 7 bankruptcy, a tax return is only subject to seizure by the trustee during the bankruptcy proceedings. Once the case has been discharged the court cannot take your tax return in foll... Read More »

How many people file bankruptcy each year?

According to a press release from the U.S. Federal Courts, there were 1,202,503 bankruptcy filings during the 12 months ending March 31, 2009, including 1,153,412 personal bankruptcies and 49,091 b... Read More »

When I file my taxes using e-file, how long does it take to get my refund?

After e-filing your state and federal taxes, you can expect to receive your refund within 30 days. Some states, individuals and companies can expect delays in receiving tax refunds. Those who provi... Read More »