The Tax Resources Blog

Posts Tagged ‘property’

Property Tax Bankruptcy

Question: I filed chapter 7 in Indiana in 2008. Does the trustee have the right to take my Tax Return?

I received a letter saying that any return i receive after the date of filing including 2008 is the property of my bankruptcy estate. I don’t get it. I payed all the attorney fees upfront and it was discharged in August 2008. Isn’t me turning over my return the same as paying back the debt that was discharged?

Answer: Bankruptcy judges have broad authority, including taking any payments you may get to give to your creditors. The money owed you is one of your assets.

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