Can you file for bankruptcy& still keep a tax refund?

ANSWERS: 1

Official Know-It-All

Once you file for bankruptcy you report all sources of income to court trustee. The bankruptcy court trustee requires a debtor to turn over an IRS tax refund to be distributed to creditors.
Source:
Cornell University Law School: U.S. Bankruptcy Code
Cornell University Law School: Bankruptcy Overview
"The Glannon Guide to Bankruptcy: Guide to Bankruptcy;" Nathalie Martin; 2006
More Information:
American Bar Association: Bankruptcy & Insolvency Litigation Committee

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