Momof2 asked:
I am filing bankruptcy on June 1, 2008 and am expected to receive my rebate stimulus check in July. Can the bankruptcy courts take my check to pay my creditors? I was confused over this and would like some one to explain this to me.
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Nice site. There?s some good information on here. I?ll be checking back regularly.
If you are already in a bankruptcy, the tax rebate may have no affect on you at all. If you are planning to file a bankruptcy in the next few weeks, before you receive your rebate, the tax rebate is a potential asset that should be listed on your bankruptcy paperwork. If you are filing a Chapter 7 case, you may be required to turn all or part of the rebate over to your Chapter 7 trustee, unless it can be claimed as exempt under the laws applicable in your jurisdiction. In a Chapter 13, it may be a small part of calculating your payment to the trustee. Consult with your attorney about what to do with the tax rebate when you receive it.
I believe they can.
they can’t take your check but they can put a lien on your checking account. If you have direct deposit say bye to your stimulus. Cash it at a different bank or currency exchange…
Okay I don’t beleive they will take your money, I filed Bankruptcy years ago and they never took my tax money, but things have changed better contact your lawyer on this one
Yes, they can. I am surprised your trustee has not told you to bring it directly to him as soon as you get it.