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Bankruptcy

: The Debt Podcast

Tax Refunds in Chapter 13

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Post-filing earnings, minus reasonable living expenses, in Chapter 13 is property belonging to the creditors.  This can include tax refunds. I used to counsel my clients to decrease their withholdings, which increases net pay and reduces the tax refund.  I came to realize that, by and large, my clients needed the forced savings which a tax [...]

Full post as published by The Debt Podcast on September 28, 2008 (boomark / email).

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