Will I Lose My Tax Refund If I'm Filing Bankruptcy?

Really, only a qualified St Louis Bankruptcy attorneyPutting off getting protection from foreclosure, credit
can tell you the answer to that question. Why? Everycard debt help, and relief from your creditors just to
situation is different and there are different rules thatsave your tax refund may not be the best idea either.
typically apply. However, here are the general rulesIf you owe money for child support, student loans, or
regarding tax refunds and your Missouri or Illinoisother government loans, the government can still take
bankruptcy.your refund to apply to these debts.
Your refund might be used by Uncle Sam to pay andEven if Uncle Sam isn't a creditor of yours, others can
tax debt you have before you even get a chance tostill get after your cash. Are your creditors levying your
see it. They may even be able to take it even if youbank accounts? Creditors can get after that extra
aren't filing bankruptcy. In a Chapter 13 in Missouri,cash you have in the bank. Even if you don't hire a St
however, there is a local rule that allows debtors toLouis bankruptcy attorney to take care of your debt,
keep a portion, if not all, of your tax refund. Evenyou may not want to have your tax refund direct
better, for the time being in Illinois, you can keep yourdeposited.
refund.