I have heard that the trustee's may start looking at taking income tax refunds since it is getting close to the end of the year. Is this true? If so, is it a good idea to change deductions now so there is less to take? We plan on filing our paper work next week. We typically get 2-4K back on taxes. This year will be closer to the 1-2K I think since we will have 1 less deduction.
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Our attorney said they will not mess with ours. (And we get a good sized refund every year.)
I would suggest asking your attorney how things are in the area you are.
I don't see how they could take it though. They used that money in figuring our income. (Income tax return ÷ 12 months) -
It depends, but yes, if the trustee thinks you will be getting a substantial refund, they will have you turn it over.Comment
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So my mom shouldn't worry about her $300 refund??Comment
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Probably not - not enough for the trustee to spend....lol
MinnyMinny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
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