Trustees Look Very Closely at Potential Tax Refunds at This Time of Year. The first four months of the year leading up to April 15th is tax...

In tennessee will filling bankruptcy 7 affect tax refund

The issue of whether tax refunds are protected in Chapter 7 bankruptcy is rather involved and you don't provide enough info to give you an accurate...

What is the statute of limitations on corporate federal and state taxes?

Unfortunately, the taxes you owe a fiduciary taxes and they are not dischargeable. With the IRS, there is no statute of limitations and they can...

Will the IRS take my tax return

I believe your question is whether the Chapter 7 bankrutpcy trustee can take your tax refund after you've filed for bankruptcy. The answer is...

Can a trustee take my state tax refund?

The subject of tax refunds and bankruptcy is very popular right now. It sounds like your bankruptcy case was a routine one, and that it was...

Will the exemption laws that are applied to the property protect the equity?

In New York, you can use the Homestead Exemption to protect equity in a home. In order to use the homestead exemption, you must own the home AND...

When a Judgment Creditor executes a levy against a debtor's bank account is there any amount exempt from seizure?

The answer is YES. In New York, the first $1,700 in a bank account is protected from creditors who seek to restrain or freeze the account. In...

If i applied for bankruptcy before pretrial hearing what happens next

One of the most powerful features of any bankruptcy filing is the automatic bankruptcy stay. This is the federal law that makes it illegal for...

Do you have to enter a reaffrimation agrrement ch 7 with mortgage company in South Carolina?

In almost all jurisdictions, reaffirmation agreements are only required for automobile loans, and not for mortgages. This is because the...

Sold car prior to filing. Proceeds paid creditors in arrears. Why doesn't Trustee acknowledge payments to creditors?

First, the trustee's actions here do not adversely affect you at all -- only the purchaser of your vehicle. This situation illustrates the...