When you file for Chapter 7 bankruptcy, your assets become part of what is known as the bankruptcy estate. If you have a tax refund coming, this is considered an asset for bankruptcy estate purposes, which means you may lose your refund.
However, multiple factors can come into play that, in some situation,s will let you hold on to it.
In this article, we cover the considerations that apply to tax refunds in Chapter 7 bankruptcy cases and ways you can increase your chances of keeping your tax refund.
If you have questions about Chapter 7 bankruptcy, please call Stone
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