I have been in a Chapter 13 bankruptcy for 2 years now. Last year when I filed my income tax return I received it from the IRS. The refund was $1500. My calculated refund this year is $2789. I thought I read some where that if your tax refund is over $2500 you have to turn it over the the Trustee. Does anyone know the rule on this? Do I have to turn it all over to the Trustee or just a portion? I read on a website earlier today that Chapter 13 bankruptcies to not have to turn over their refunds but the site was discussing Michigan. I just would like to know the facts concerning Chapter 13 Bankruptcies and federal income tax refunds. I want to do the correct thing but I need any extra funds I can get.
Thanks,
TO
Thanks,
TO
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