Comments on: Keeping your tax returns while filing for Chapter 7 Bankruptcy in Manhattan http://www.danielgershburg.com/blog/keeping-your-tax-returns-while-filing-for-chapter-7-bankruptcy-in-manhattan/ Legal Services - Personalized Attention - A Commitment to Excellence Mon, 06 Feb 2012 17:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Fitzgerald Q. McAuliffe http://www.danielgershburg.com/blog/keeping-your-tax-returns-while-filing-for-chapter-7-bankruptcy-in-manhattan/comment-page-1/#comment-1450 Fitzgerald Q. McAuliffe Mon, 08 Nov 2010 08:41:12 +0000 http://www.danielgershburg.com/?p=590#comment-1450 Great post. If you file a Chapter 7 case in Cincinnati then you need to plan your bankruptcy filing before the case goes to court. Cincinnati consumers may be able to exempt the refund in some situations. Others may need to purchase necessities or get medical work done; both can be properly explained and spent before filing.<br>As to Chapter 13 cases in Cincinnati– bankruptcy cases that may last for 3-5 years - each year you need to submit your tax return to see if your income has gone up. Up enough for the trustee to require a change in your payment plan.<br>Tax refunds received while in a Chapter 13 are considered disposable income in the eyes of the bankruptcy judges in Cincinnati. Those funds should be turned over to the creditors<br><br>The trustees are very helpful when it comes to requests to keep your tax refund. But make sure you give me a copy of your tax return each year you are in chapter 13. It is hard for me to help you keep a tax refund when your income went up too much and I did not know.<br>if you are paying your unsecured creditors in full in a Chapter 13, then you do not have to turnover your tax refunds.<br><br> Great post. If you file a Chapter 7 case in Cincinnati then you need to plan your bankruptcy filing before the case goes to court. Cincinnati consumers may be able to exempt the refund in some situations. Others may need to purchase necessities or get medical work done; both can be properly explained and spent before filing.
As to Chapter 13 cases in Cincinnati– bankruptcy cases that may last for 3-5 years – each year you need to submit your tax return to see if your income has gone up. Up enough for the trustee to require a change in your payment plan.
Tax refunds received while in a Chapter 13 are considered disposable income in the eyes of the bankruptcy judges in Cincinnati. Those funds should be turned over to the creditors

The trustees are very helpful when it comes to requests to keep your tax refund. But make sure you give me a copy of your tax return each year you are in chapter 13. It is hard for me to help you keep a tax refund when your income went up too much and I did not know.
if you are paying your unsecured creditors in full in a Chapter 13, then you do not have to turnover your tax refunds.

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