Will the court take my tax return if I file bankruptcy? What is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy, also known as “fresh start” bankruptcy, allows your debts to be discharged (or canceled). In exchange, you may be required to give some non-exempt property to the bankruptcy Trustee to pay your creditors. Your tax return and earned income credits are non-exempt property. If you do not spend your tax refund before filing […]