SMARTFINANCESOLUTIONS.NET - What can I and what can I not purchase so that the Chapter 7 Bankruptcy Trustee does not take my return?

2013-11-26 5

Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What can I and what can I not purchase so that the Chapter 7 Bankruptcy Trustee does not take my return? - This is going to be VERY specific to your own individual case and state.

In most instances, what you purchase with it won't make any difference as to whether you must turn it over to the trustee or not. If the money is owed to the trustee (in your specific case, in your specific state) then merely spending it on something else won't relieve you of the obligation to pay the trustee an amount equal to what you received as your tax refund.

In some (few) specific instances (i.e., if your attorney specifically told you that this applies in your specific individual situation), it may be that you cannot exempt cash (i.e., your tax refund) but you would be able to exempt some other things. I cannot emphasize enough that this is (1) RARE and (2) would be extremely specific to your own individual case.

Do NOT rely on ANY general info that you receive anywhere on the internet for this kind of specific legal advice. It is VERY likely to be inaccurate in your specific situation. Ask your attorney and follow his or her advice. -

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