Legal Question in Bankruptcy in California
Bankruptcy and tax refund
I live in the state of CA. My bankruptcy is almost over the 26th of February was the last day for any creditor to file a protest or dispute. I was told my next step is to recieve my discharge date. I haven't processed my tax return yet but I know that I have about $4000 coming back is it safe to file it now or should I wait until after my discharge date? When will it be safe?
Asked on 2/27/08, 10:58 am
1 Answer from Attorneys
Judith Deming
Deming & Associates
Re: Bankruptcy and tax refund
Any tax refund is part of the bankruptcy estate as any entitlement you may now have to receive any refund is for a period during 2007 (not WHEN you file for it) and it makes no difference when you file in 2008, as the trustee should legally receive any refund monies.
Answered on 2/27/08, 4:16 pm