Bankruptcy | Foreclosure | Short Sale | Real Estate |
What will happen to my tax refund in bankruptcy?In a chapter 7 bankruptcy, any earned but unpaid tax refunds are property of the bankruptcy estate. This generally means two things. First, last year's tax refund, if you have not gotten it and spent it, will go to the bankruptcy trustee. Second, a portion of this year's tax refund will go to the bankruptcy trustee. In a chapter 13 bankruptcy, all tax returns during the commitment period will be paid into the chapter 13 plan. You can do yourself a favor by not having the IRS withhold more than is necessary. If you claim all the exemptions you are entitled to claim on your W-4 withholding form, you are more likely either to have a smaller refund or actually owe money to the IRS at the end of the year. If this is the case, there will be no refund to be seized by the bankruptcy court. Have Questions? Call or EmailTelephone: (385) 204-6294. You will talk directly to me, not a secretary.Email: Use the form on the right! The email goes directly to me as well. |
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Service LocationsAlthough I represent clients throughout Utah, Clients from the following locations will attend their 341 meeting in Provo, my home location. | ||
Utah County
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Wasatch County
Juab County
Millard County
Sanpete County
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Carbon County
Emery County
Duchense County
Uintah County
Sevier County
Grand County
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We are a Debt Relief Agency
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
The information on this site is provided for general purposes only and does not constitute legal advice. No attorney-client relationship exists
simply by virtue of viewing this page or submitting information using this page. The attorney-client relationship must be established by written
agreement with and payment to the attorney himself.
Debt Solution Services