The Online Bankruptcy Blog

There is one area of an individual’s finances that really peeves bankruptcy lawyers, and that’s their taxation returns. You can only file for a Chapter 7 petition for bankruptcy if your tax returns are all up to date. It’s not unusual for a bankruptcy attorney to send a client to the local tax office as [...]

There are many people that rely on a tax refund to pay for certain bills. Once you file for bankruptcy, your financial affairs are no longer your own, and this includes any state or federal tax refunds. Since the majority of bankruptcy petitions come from low to middle income earners, most will be expecting a [...]