What Happens to Tax Refunds in Bankruptcy?
Be Smart about Using Your Income Tax Return to File for Bankruptcy If you are thinking about filing bankruptcy in Ohio, you should consider what to do about any tax refunds you expect to receive or already have received. Depending on how you handle it, some or all of your refund may be protected. If you wind up filing for bankruptcy, you are permitted to use your tax refunds to pay for your bankruptcy attorney fees and court costs. Wha... CONTINUE READING