Your Tax Refund in Chapter 7 Bankruptcy

In Chapter 7 bankruptcy in Arizona, a tax refund is considered to be an asset that is held by another party but owed to you. The tax refund is counted as part of the bankruptcy estate. Just like a savings account or other bank account, your tax refund must be listed among your assets.



An anticipated tax refund could affect the timing of filing for Chapter 7 bankruptcy in Arizona. If you are not sure, then it is wise to consult with a team of experienced bankruptcy attorneys, such as The Frutkin Law Firm, PLC, in Phoenix, AZ. These bankruptcy lawyers can help you determine the best timing for filing for bankruptcy in Arizona.