Tax Refunds In A Chapter 13

The treatment of income tax refunds in bankruptcy cases can catch people by surprise.  If you have not received your tax refund before the case is filed, it must be listed on the Schedule of Personal Property.  In many cases, the refund can be protected, but not always.

Make sure that you consult with an experienced Plano Bankruptcy Attorney to determine what will happen to your refund if you do decide to file a bankruptcy case.  If you receive a tax refund after filing a bankruptcy case, make sure to contact your attorney before spending the refund.  In Chapter 13 Bankruptcy Cases in Plano and the surrounding areas, you will generally be allowed to keep tax refunds that are less than $2,000.00.  The Standing Chapter 13 Trustee in Plano is Janna Countryman http://www.13network.com/trustees/pla/plahome.asp

Because Chapter 13 bankruptcy lasts from three to five years, you should adjust your tax withholdings to avoid getting large refunds throughout your case.  Of course, you don’t want to get into tax debt during the case either.

Mistakes to avoid

Filing bankruptcy before receiving a tax refund without knowing what will happen to it.  Ask your attorney if the refund can be protected.  Find out if you should postpone filing for bankruptcy.  Knowing beforehand what will happen will save you a great deal of grief afterward.

Spending a tax refund without approval.  Contact your bankruptcy lawyer if you receive a tax refund after filing for bankruptcy.  An experienced Plano Bankruptcy Lawyer will be able to tell you if you can spend the refund, if you must turn it over to the Bankruptcy Trustee, or if other options are available.  If you spend the refund when you should have turned it over, it is possible that your case could be dismissed, that you will be ordered to pay back the Bankruptcy Trustee, or that you may be subject to other sanctions.

Continuing to receive large tax refunds after filing for Chapter 13 bankruptcy.  Minimizing your tax refund by having the correct amount withheld from you paychecks is good advice for almost everyone.  Getting a tax refund generally means that you have paid in too much throughout the year and let the government hold your money all year.  In Chapter 13 Bankruptcy, it can also mean losing the refund.  It is possible that the Bankruptcy Trustee will claim that a large refund is “extra money” that you should pay to your creditors.  If you expect to receive a large tax refund every year no matter how little you have withheld from you paychecks, let your bankruptcy attorney know.  There are ways to help protect these types of refunds.  Usually this type of refund comes from earned income tax credits and child tax credits.  As with most things, communication with an experienced Bankruptcy Lawyer will help you make the best decisions.

Trackbacks

  1. get social signals

    ctjytmksb iyxdg rpacdwo sknd mcvkeouneergdto

  2. quality backlinks seo

    vbgrcpdtx ckdph dtjxiiq uqqw ydvoqznbbkxgoav

  3. … [Trackback]

    […] Find More Informations here: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  4. … [Trackback]

    […] Read More here: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  5. El-scooter says:

    … [Trackback]

    […] Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  6. georgia says:

    … [Trackback]

    […] Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  7. … [Trackback]

    […] Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  8. … [Trackback]

    […] Find More on|Find More|Read More Infos here|Here you will find 84449 additional Infos|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  9. … [Trackback]

    […] Find More here|Find More|Find More Informations here|There you will find 24917 more Informations|Informations to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  10. … [Trackback]

    […] Read More on|Read More|Find More Infos here|There you will find 27238 additional Infos|Informations to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  11. … [Trackback]

    […] Find More here|Find More|Find More Informations here|There you can find 93495 more Informations|Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  12. this page says:

    … [Trackback]

    […] Find More on|Find More|Find More Infos here|There you will find 22562 additional Infos|Informations to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  13. … [Trackback]

    […] Read More here|Read More|Read More Informations here|There you can find 46120 additional Informations|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  14. mondo sonoro says:

    … [Trackback]

    […] Find More on|Find More|Read More Infos here|Here you will find 82360 more Infos|Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  15. Festivales says:

    … [Trackback]

    […] Find More here|Find More|Find More Infos here|There you can find 4527 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  16. … [Trackback]

    […] Find More on|Find More|Read More Informations here|There you will find 64549 additional Informations|Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  17. … [Trackback]

    […] Read More on|Read More|Read More Informations here|There you will find 8322 additional Informations|Informations to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  18. TS Escorts says:

    … [Trackback]

    […] Read More on|Read More|Find More Infos here|Here you will find 14706 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  19. … [Trackback]

    […] Read More here|Read More|Read More Informations here|Here you can find 85624 additional Informations|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  20. … [Trackback]

    […] Read More on|Read More|Read More Infos here|There you can find 41595 more Infos|Informations to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  21. … [Trackback]

    […] Read More here|Read More|Read More Informations here|Here you will find 49014 additional Informations|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  22. iraq law says:

    … [Trackback]

    […] Find More here|Find More|Find More Infos here|There you will find 27808 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  23. … [Trackback]

    […] Find More on|Find More|Find More Informations here|Here you will find 76363 additional Informations|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  24. … [Trackback]

    […] Find More on|Find More|Read More Infos here|Here you will find 43163 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  25. Lake Texoma says:

    … [Trackback]

    […] Find More here|Find More|Find More Informations here|Here you can find 63256 additional Informations|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  26. must watch says:

    … [Trackback]

    […] Find More here|Find More|Read More Informations here|Here you can find 76169 additional Informations|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  27. … [Trackback]

    […] Find More on|Find More|Read More Informations here|There you can find 63910 more Informations|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  28. Bdsm chat says:

    … [Trackback]

    […] Find More on|Find More|Read More Infos here|There you can find 72241 more Infos|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  29. … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you will find 33174 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  30. … [Trackback]

    […] Find More on|Find More|Read More Infos here|There you can find 84225 additional Infos|Informations on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  31. … [Trackback]

    […] Read More here|Read More|Find More Infos here|Here you will find 30362 more Infos|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  32. pt gas says:

    … [Trackback]

    […] Find More on|Find More|Find More Infos here|There you can find 57026 more Infos|Infos on that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  33. العراق says:

    … [Trackback]

    […] Find More here|Find More|Read More Informations here|Here you can find 44116 additional Informations|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

  34. … [Trackback]

    […] Read More on|Read More|Read More Informations here|Here you can find 35577 additional Informations|Infos to that Topic: northtexasbankruptcy.com/tax-refunds-in-a-chapter-13/ […]

Texas SEO - Texas Bankruptcy