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

Answer 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 »

Top Q&A For: Can you file for bankruptcy& still keep a tax r...

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

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 »

Do you still pay alimony if you file for bankruptcy?

Yes, you must always pay past and future alimony and child support obligations even after filing for bankruptcy protection, according to the United States Bankruptcy Code. Other debts that can’t ... Read More »

Can I keep my car if I file a Chapter 7 bankruptcy?

Through Chapter 7 bankruptcy, the bankruptcy court seizes and sells your non-exempt assets to repay as much of your outstanding debt as possible before discharging the case. Whether or not your car... Read More »

How to File Bankruptcy & Keep My Car & Home?

Filing bankruptcy is usually the last resort for individuals with too much debt. Bankruptcies are noted on credit reports for 10 years, during which time it may be difficult if not impossible to ob... Read More »