Filed chapter 13 on 5/10 and received my tax refund check yesterday on 5/15. Is it alright to spend the refund check without any issues coming up. Just wondering.
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Anything over a $1,500 refund goes to our trustee. Check your bk papers. It should state the disposition of any tax refunds. Our refund was $1,740 and I just sent our trustee a check for $340 along with copies of our returns. Don't spend it until you find out!Filed July 2009. Discharged 08/08/2014. Awaiting closing. We made it !!!! Woo-hoo!
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There's no consistency in how Ch 13 trustees handle income tax refunds. Some take everything, some (like andy158's) take anything over a certain amount, and some let you keep the whole refund. You need to talk to your lawyer to find out what to expect from your trustee.
As already wisely advised, do *NOT* spend a penny of that refund until you talk to your lawyer.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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I got my State refund in late January and Federal in late February. My Bankruptcy was filed on 02/14/2010. My 341 was on 03/31/10. I kept asking my attorney what to do. He told me to wait and not spend it. On my 341, the trustee asked me if I had filed and if I had got a refund. It's been almost two months after, so I take it at this point it's mine.
State- $224
Fed-$1600
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Originally posted by GG1981 View PostIt's been almost two months after, so I take it at this point it's mine.
Contact your attorney again before doing anything with that cash.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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