Tax Refunds

[inhocknow]

Hello folks, thanks for all of your great and fantastic help. I am an asset case. I am able to buy back some of my non-emempt property. The trustee and myself and my lawyer agreed at me paying $8000. I already sent the money to my lawyer for his trustee account. At my 341 meeting, the trustee didn't ask me anything about whether or not I am expecting a tax refund or not. Do you think he will seize my refund? I am almost in the 30 day club. Thanks for all of your help.

[inhocknow]

Hello folks, I was just chiming in to see if you have any thoughts?

[lrprn]

INH, there's just no way for us to tell you whether your trustee will want all, a part, or none of your tax refund. There's tremendous variability for this across different districts, different states, even between trustees in the same local court. Ask your lawyer who is familiar with local court and individual trustee customs like this one.

[ameliabedilia]

How big is your refund? One of the attorneys we spoke to said they usually have a fairly standard amount they take and they do look at your previous years returns to get an idea. But, like the last person said there's just no way to tell.

[Bob Walker]

refunds

If one has a substantial amount of refund coming in and both secured and unsecured debt were a part of the Ch 7, can I tell the trustee that I would like most of it to go towards the secured debt (2nd Mortgage) since I am upside down in my house?

[BKcrazy]

I am going to owe. Again. Oh well. Poor trustee, I wonder if he is going to try to take any of my stuff then....