Tax Refunds and Bankruptcy
As a Bankruptcy attorney, I often get a number of questions from clients relating to filing their bankruptcy and their tax refunds. The most common question is “Will I be able to keep my tax refund?” There is no simple "yes" or "no" answer. When a bankruptcy is filed, all of the Debtor’s assets become property of the bankruptcy estate which is then administered by the Trustee assigned to the case. Even if you have not yet filed the bankruptcy, should you still have some or