Legal Question in Bankruptcy in Texas

Federat Tax Refund after Chapter 7

I am expecting a $600 additional income tax refund and want to know how it will be affected if I file Chapter 7 before I receive it. My previous refund of $2000 has been received and spent, do I have to declare that amount as part of the bankruptcy estate?


Asked on 8/02/01, 11:49 am

2 Answers from Attorneys
Cole Fulks Cole Fulks, P.C.

Re: Federat Tax Refund after Chapter 7

If you file under Chapter 7, you should include the tax refund money as "income" if you have already received it. If you have not yet received the $600 when you file bankruptcy, you will have to list it under a differenct category. If you are in the Dallas/Fort Worth area, call or e-mail me, perhaps I can help you.

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Answered on 8/02/01, 11:31 pm
Lawrence Maun Lawrence J. Maun, P.C.

Re: Federat Tax Refund after Chapter 7

Yes. L. Maun 713.266.2560

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Answered on 8/02/01, 4:37 pm


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