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Bankruptcy

: The Debt Podcast

Bankruptcy filing catches refund on unfiled tax return

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The bankruptcy estate consists of not only assets in the possession of the debtor but also their rights to stuff they don’t yet have. So if you will be entitled to a refund for 2009’s taxes and you file before you receive the refund, that right to payment is part of the bankruptcy estate. My clients [...]

Full post as published by The Debt Podcast on February 05, 2010 (boomark / email).

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