Wisconsin Bankruptcy Law

The Bankruptcy Law Offices of Richard A. Check brings you bankruptcy information that may relevant to your financial situation. Wisconsin bankruptcy laws are complex, and get updated frequently. We hope to keep you educated with the changes our lawmakers put forth, so you can make informed decisions about when to seek legal advice from a Wisconsin bankruptcy attorney or law firm.

Are Tax Refunds Safe in Bankruptcy?

Richard Check - Wednesday, May 19, 2010
Many people avoid the personal bankruptcy filing process until after they receive a tax refund check for fear that they might lose the refund. A Chapter 7 bankruptcy filing does not affect your tax refund eligibility.  The Bankruptcy Court does not intercept those funds.  With the Chapter 13 bankruptcy, however, there is a possibility that you will need to provide half of whatever refund you receive to the Trustee as a part of your plan.  Not all cases require this, however.  If you are interested in filing a Chapter 13 and are concerned about your refund, we can certainly determine what your plan would entail during our free consultation.
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