The answer to this question is a simple yes or no. Of course, experience in St. Louis Missouri bankruptcy attorney to give you the answer to your specific situation, but in the meantime, here are some general rules about the fate of your tax refund in Missouri or Illinois bankruptcy.

The refund from Uncle Sam can be used to pay the tax debt and that you are before you even get to see him. You may even be able to take it, even if you had not declared bankruptcy. In a chapter 13 in Missouri, but there is a local rule that the debtor to keep some, if not all, allow your tax refund. And returned in Illinois, for the moment, the more you do not give up.

Even if you do not need the government can, your money will be taken into account indirectly by your creditors. What if your bank accounts are removed? Creditors may receive after the extra money you have in the bank. Even if you do not rent, to pay a bankruptcy lawyer St. Louis for the care of your debt, you do not want any tax refunds deposited directly. If your creditors after your checking account, it may be better just to your refund from the old way of a check in the mail that you cash.

Perhaps you should also think about your tax refund in a different light. Do you want to use your tax refund to repay your debts anyway? All rules with Chapter 7 and Chapter 13 bankruptcy is associated designed to keep you out of debt, not because you. It would be nice if the tax refund to use on a shopping spree as expected, but it may be advantageous if you are crushing amounts of debt, your debt repayment. keep

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