Tax Refunds

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It’s tax season again, and in the bankruptcy world that means only one thing–people are loosing their tax refunds to Chapter 7 Trustees again.   The sad part is that this should almost never happen.  This is the result of sloppy legal work.  Yet, year after year I witness helpless debtors lose their tax refunds because…

  1. Failing to list all Creditors:  If you do not list a creditor, the debt will not be discharged. You should list all creditors, even if you have a co-debtor or intend to repay.  Intentionally failing to list creditors you favor is perjury. 
  2. Getting a Second Mortgage Instead of Filing Bankruptcy:  Many clients put

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